Earlier, the court had fixed October 10 as the date of hearing on another PIL. In 2012, Dassault came out to be the lowest bidder and finally bagged the tender in January 2012. This is clearly shown in the first graph of this article. Aditya Birla Sun Life Tax Relief 96 Direct-Growt.. UPA vs NDA: Why higher growth doesn't matter when followed by policy delinquency. Sitharaman also said that Hindustan Aeronautics Limited was excluded by the Congress from the manufacture of Rafale jets. NDA vs UPA: Saga of fluctuating fuel prices and shifting narratives - The knives are out for the Modi government with retail fuel prices hitting an all-time high. The subtext of the authors’ argument appears to be that, thanks to the UPA besting the NDA on a range of economic indicators, it is, somehow, illogical to criticise the UPA’s stewardship of the economy and to suggest that a Narendra Modi-led Bharatiya Janata Party (BJP), for instance, might perform better. Difference between UPA and NDA: execution 3 min read. UPA vs NDA: 10 budgetary comparisons We picked 10 sectors, which are quantifiable , that were allocated funds under the UPA and NDA government. NDA vs UPA: The economic scorecard ... levels too have increased prodigiously in the NDA regime though it can be argued that it was recognised during … Both French and Indian governments have refrained from divulging into any major details about Rafale jets and both the governments have not acknowledged any strategic role to be played by nuclear weapons to be used in Rafale jets. As against this, the BJP government signed the deal for $7.87 billion. Not only this, chairman of the Congress party, Rahul Gandhi tweeted asking the Indian Prime Minister about why were such massive changes made in the Rafale Deal. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.com is prohibited. During congress regime banks were directed to lend rich business people without following proper credit worthiness. A paper demonstrating that the UPA’s economic performance is better than the NDA’s ends up becoming a thinly veiled opinion piece, says Vivek Deheja. As Ghatak and co-authors put it: “The high growth of the first eight years raised expectations — what was considered par for the course in 2004 is seen as dismal performance today.”. Meanwhile, in the last five years, 67 BSE stocks rallied more than 1,000 percent. France will obviously never acknowledge any such specifications in Rafale jest because of they are signatory of the Nuclear Non – Proliferation Treaty whose Article 1 says that France cannot lend any nuclear weapon support to any country. During UPA-1, Sensex and Nifty rallied more than 100 percent each and 217 BSE stocks gave returns of more than 500 percent, AceEquity data showed. 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To this the BJP replied that in interest of national security, they cannot reveal the prices and other confidential details regarding this deal. One important aspect of the economy that does not attract much attention is the fiscal discipline of the incumbent government. Several States have reported higher growth than the Union Govt. To these allegations, Chairman of Reliance Defence, Anil Ambani, himself came forward and expressed his angst for all the false claims that were being made. Let us find the truth behind them: Rafale Deal UPA vs NDA in Hindi – राफले डील यूपीए VS एनडीए. The National Democratic Alliance (NDA) is a political alliance of Indian center-right and right wing political parties. Copyright © e-Eighteen.com Ltd. All rights reserved. Editorialists have disapprovingly noted that the debate on the recently released back series of GDP numbers got politicised pretty much from the moment the data became public. One could plausibly argue that just such a fate befell both the Rao and Vajpayee governments – the two periods during which we saw a major spurt of economic reform – as neither was able to capitalise politically on the gains, which were diffused over time. Now that we are almost at the end of Narendra Modi-led NDA government's tenure, we can compare the returns that the market gave during his stint with his predecessors. 5. It resulted with heavy increase of NPA and presently banks are busy with rectifying the mistake and initiating the recovery process. Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. The report questions NDA government’s argument that they got a 9% cheaper deal than the UPA. In its report tabled in Parliament today, the CAG has done an item-wise cost analysis comparing each part and aspect of the two deals. They include Indiabulls Integrated, Indiabulls Ventures, Phillip Carbon, Aegis Logistics, Aarti Industries, KNR Construction, IFB Industries, HEG, APL Apollo, Escorts and Britannia Industries. ** figures are in percentage. This also included weapon components and other operational equipment, about which the description is given in the next section. He also claimed that the Indian government has no role to play in their private agreement. After the Modi government came, Prime Minister Narendra Modi gave a confirmation about the purchase of 36 Ready to Use Rafale jets, following which, in 2016 the Defence Ministers of both the countries signed the Rafale deal. There is a secrecy clause in the inter – governmental agreement according to which any details about the defence deals signed between India and France will not be disclosed. To this Sitharaman replied, that the PM followed the due process of getting a clean chit from CCS before making this announcement. This clause means that France will invest 50% of the money to be received for Rafale jets in India only through the ‘Make in India’ initiative. The fundamental methodological weakness here is that the authors merely compare macroeconomic data across time, a statistical exercise at the level of a college term paper, which precludes the possibility of making arguments on the causal relationships among those variables and the policy decisions (or non-decisions) of the respective governments in power when those data were observed.
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