कोशिश गोल्ड - मुक्त

Beyond price and politics: Rafale-M, the synthesis of policy and practice

The Business Guardian

|

May 04, 2025

Perhaps one of the most popular defense deals ever signed anywhere in the world was the Rafale Jet deal, which was signed for the Indian Air Force in September 2016 through an intergovernmental agreement between the Indian and French governments.

- MANISH BARMA

Beyond price and politics: Rafale-M, the synthesis of policy and practice

In addition to receiving unheard-of levels of media attention, the deal was also tainted by allegations of a scam. Allegations flew, loud debates followed, and intense political mudslinging ensued until the Supreme Court of India stepped in and on December 14, 2018, after hearing petitions raised by complaining parties, gave a clean chit to the deal clearly stating that it has "studied the material carefully," and found no evidence of any malpractice. Observantly speaking, it still manages to induce a sense of doubt about the propriety of the 2016 deal in the minds of some. However, it is becoming obvious, particularly in the wake of the tragic Pahalgam incident where Pakistan-backed terrorists murdered innocent tourists, that the Indian Air Force will be in an even better position as compared to what it was during the Balakot strikes of 2019, to carry out any aerial strike that the Indian government authorizes on military or terrorist targets across the Line of Control (LOC), thanks to the capabilities that the Rafale aircraft brings to the table. This is one feature of the Rafale that is without any question or doubt. In this backdrop, it is also worth reiterating that the real significance of the naval version of the jet, the Rafale-M, that has been recently chosen as the platform of choice for the India navy, is not in its procurement cost or any political debate which it may generate; it is rather its ability to effectively force escalation dominance and create an asymmetric battlefield scenario in favor of India. A cursory stock of the Rafale Marine jet will help us in appreciating the larger geo-strategic canvass in which India's armed forces will operate in the near future.

The Business Guardian से और कहानियाँ

The Business Guardian

Two held with illegal cigarette consignment worth Rs 12.5 lakh in Delhi

The crime branch has busted a racket supplying cigarettes without the mandatory pictorial health warnings and arrested two men with a consignment worth around Rs 12.5 lakh, an official said on Wednesday.

time to read

1 min

September 18, 2025

The Business Guardian

The Business Guardian

Taiwan's GDP per capita tops Korea's, driven by TSMC and the AI boom

Yeh Chun-hsien, head of the National Development Council (NDC), on Wednesday attributed Taiwan>s forecast lead over South Korea in gross domestic product (GDP) per capita in 2025 to the success of Taiwan Semiconductor Manufacturing Co. (TSMC) and a boom in artificial intelligence applications, as per a report by Focus Taiwan.

time to read

2 mins

September 18, 2025

The Business Guardian

SBI divests of 13.18% stake in Yes Bank to Japan’s SMBC

State Bank of India (SBI) on Wednesday announced the successful completion of the divestment of a 13.18% (approximately) stake in Yes Bank Limited (YBL) to Sumitomo Mitsui Banking Corporation (SMBC), the state-owned lender said in astatement.

time to read

1 mins

September 18, 2025

The Business Guardian

The Business Guardian

FINALITY DEFERRED — WHY ENFORCEMENT AGENCY REMAINS THE ACHILLES’ HEEL OF INDIA’S ARBITRATION REGIME

Arbitration in India was meant to the justice on fast forward: nimble, discreet, final.

time to read

5 mins

September 18, 2025

The Business Guardian

The Business Guardian

NHAI may raise Rs 40,000 crore in FY26, above Rs 30,000 crore target: ICRA

Rating agency ICRA projects road monetisation at Rs. 35,000-40,000 crore in FY26 if the assets identified by the National Highways Authority of India (NHAI) are monetised in a timely manner.

time to read

1 mins

September 18, 2025

The Business Guardian

India’s exports likely to grow 6 per cent this year: Goyal

Union Commerce Minister Piyush Goyal on Wednesday expressed confidence that India’s exports would grow by around 6 per cent this year compared to the corresponding period in 2024.

time to read

1 mins

September 18, 2025

The Business Guardian

The Business Guardian

GST CUT TO 5% WILL MAKE RENEWABLES CHEAPER

India has cut GST on renewable energy equipment from 12% to 5%, making clean energy projects more affordable and accessible.

time to read

2 mins

September 18, 2025

The Business Guardian

The Business Guardian

SBI sells 13.18% stake in Yes Bank to Japan’s SMBC

State Bank of India (SBI) on Wednesday announced the successful completion of the divestment of a 13.18% (approximately) stake in Yes Bank Limited (YBL) to Sumitomo Mitsui Banking Corporation (SMBC), the state-owned lender said in a statement.

time to read

2 mins

September 18, 2025

The Business Guardian

The Business Guardian

EU lays out new tariffs and sanctions on Israel over war in Gaza

The European Union laid out Wednesday its toughest plan yet to pressure Israel to end the war in Gaza as Palestinians fled en masse from Israeli tanks, drones and troops pushing deeper into the coastal enclave ravaged by 23 months of war.

time to read

2 mins

September 18, 2025

The Business Guardian

Next-Gen GST reform: A boon for the Indian economy

The Government of India has taken the ‘Next-Gen GST reform’ under the able leadership of Prime Minister Narendra Modi, which is a path-breaking decision to condense the goods and services tax slabs and reduce and eliminate the tax rates on various products.

time to read

6 mins

September 18, 2025

Listen

Translate

Share

-
+

Change font size