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Tag Archives: ‘push

#Inked: India and France to push ahead with multi-billion dollar fighter jet deal

 

India and France have agreed to overcome differences and finalize the sale of 126 fighter jets to India in a deal worth an estimated $15 billion, the Indian defence ministry said.

France's Dassault Aviation has been trying to clinch a deal to sell India its Rafale jets since New Delhi chose the company over other foreign plane manufacturers in 2012.

But disagreements over cost and work-sharing have slowed talks, while India's weak economy has stretched government finances.

On Monday, French Defence Minister Jean-Yves Le Drian met his Indian counterpart Manohar Parrikar, who was appointed defence minister last month.

"Both sides agreed to take forward the strategic co-operation between the two countries. They discussed all issues including Rafale. It was decided that whatever differences still existed would be resolved in a fast-track manner," said Indian defence ministry spokesman Sitanshu Kar.

Under the deal, which would provide a major boost to French domestic defence manufacturing, the first 18 planes will be made in France and shipped to India, while the remaining 108 will be produced by state-run Hindustan Aeronautics Ltd.

Rival manufacturers including the makers of the Eurofighter aircraft are hoping that the stalled Rafale deal will collapse, possibly opening the door to negotiations with a new vendor.

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Immigration can ‘push down house prices

Even a small influx of people from overseas into an area can have a noticeable effect on the value of local properties as wealthy people move out, the study concludes. The research, the first of its kind, contradicts the assumption that immigrants are pushing up house prices and making them …

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