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What are the formalities for opening a joint savings account in IDBI Bank, India?

You need a set of KYC(know your customer) documents confirming ISA (identity, signature and address) of both the applicants. So, all you need is one photograph, one identity proof, one signature proof, one address proof and sign the account opening form, also you have to tender an initial account opening amount which may vary from bank to bank.Identity proof could be like PAN card, Voter id, Driver’s license, UID, Passport, ID card issued by Central Govt, State Govt or by PSUs etcSignature proof could be PAN card, Passport, Signed cheque of initial account opening amount from any scheduled bank,Address proof could be UID, Driver’s license, Voter id, Passport, Utility Bill (not old than 2 months).

How do I prepare GK for Vizag steel?

Just click that link which is given below and study the papers and get some idea → Vizag-Steel-Plant-RINL Question Papers - Vizag-Steel-Plant-RINL Interview Questions and AnswersVizag steel plant aptitude questions with answers Vizag steel plant reasoning engineering branch wise solved question papers, Vizag steel plant management trainee written test examination question papers with answers, Vizag steel plant general awareness questions with answers vizag steel plant previous years questions,Vizag steel plant Current Affairs Objective questions with answers, latest current affairs questions with answers for Vizag steel plant upcoming management trainee examination1Navajivan Express' runs betweenChennai-Ahmedabad2RISAT-1, which was put in orbit in April 2012 by PSLV-C19, is the heaviest satellite launched by India so far with a weight of1,858 kg3.The two-day 20th ASEAN Summit was held in Phnom Penh, Cambodia in 2012 in the month ofApril4.Abd-Rabbu Mansour was recently elected as the President of which one of the following Arab nation?Yemenhttp://5.Name the Tamil author who was announced the winner of the Saraswati Samman 2011 by K.K. Birla Foundation announced on March 22, 2012 for his book Irama Kathaiyum Iramayakalum.A.A. Manavalan6.Which legendary versatile Bengali actor was on March 21,2012 selected for India's highest film honour the Dadasaheb Phalke Award for 2012?Soumitra Chatterjee7.Union Rural Development Minister Jairam Ramesh during his tour of Maharashtra's Satara district announced on March 11,2012 a national award for sanitation and water in the name of which of the following Maharashtrian saints?Sant Gadge Baba8.Akali Dal Chief Prakash Singh Badal, sworn in as the chief minister of Punjab on March 14, 2012. Badal became the chief minister of the state for-Fifth time9.Which one of the following state governments imposed restrictions on the visit of foreign tourists to the areas inhabited by Tribals?Odisha10.Indian black eagle was spotted in the Aravali Biodiversity park after a gap of ____ years.9011. Name the freedom fighter with picture of whom Rs.5 coin would be introduced by RBI.Ans. Bhagat Singh12. Name the news search engine introduced by Online Shopping, Rediffmail, Latest India News, Business, Bollywood, Sports, Stock, Live Cricket Score, Money, Movie ReviewsAns. Relatime News Search13. Tiger brand is associated with which company?Ans. Britannia14. Name the cricketer who was honoured with lifetime membership the Sydney Cricket Ground.Ans. Sachin Tendulkar15. Which country has been ranked as the world’s richest country in the list compiled by US magazine Forbes?Ans. Qatar16. Which country did India beat to qualify for London Olympics men’s hockey 2012?Ans. France17. Name the service that is to be launched by Times Group to enable viewers to watch movies and TV shows online.Ans. Watch Hindi English Movies Online 2016, Watch TV Shows Online18. Name the football player who led India to the gold in the inaugural Asian Games in New Delhi who passed away recently.Ans. Sailendra Nath Manna19. Who won the Allan Border medal (Australia cricketer of the year) award 2012?Ans. Michael Clarke19. Which west Asian country approved for new constitution recently?Ans. Syria20. Which model of Nokia phone has been built with 41-megapixel sensor camera?Ans. Nokia 808 Pureview camera phone21 Name the digital music store launched by Online Shopping Site for Mobiles, Fashion, Books, Electronics, Home Appliances and More.Ans. FlyteDownload From JbigDeaL ® - Latest Updates ©22. Name the online property search portal launched by HDFC in KolkataAns. HDFC Red23. Name the application launched by Vigyan Prasar and IGNOU as a free SMS service for mobile users that delivers content on science and related areas.Ans. Science@Mobile24 Name the Kerala-based UAE business magnate who was awarded with Interfaith Harmony Award at Kuala Lumpur.Ans. M.A.Yusuf Ali25. Which country has India agreed ‘in-principle’ to the participation in hydro power-projects in the North-East?Ans. Bangladesh26. Name the Tech-savvy state which set a record by winning the National Tourism Award for its website for 5th time in last 10 years.Ans. Kerala27. Who has been appointed as brand ambassador of fruit drink maker rasna?Ans. Genelia D’souza28 Name the book which is set to be launched by model-turnedactress Diana Hayden.Ans. A Beautiful Truth29. Who has been awarded the Pritzker Architecture Prize considered as Nobel prize in Architecture?Ans. Wang Shu30. Which railway station became the first railway network to offer BluFi, a combination of Bluetooth and WiFi to provide information to passengers?Ans. Bangalore City Railway Station31. Name the Indian golfer who qualified for The Open Championship to be played in July at the Royal Lytham St Annes.Ans. Anirban Lahiri32. Which state bagged the second best national award in the Comprehensive Development of Tourism category?Ans. RajasthanDownload33. Name the men’s mixed doubles winner of the ATP Dubai Open 2012.Ans. Mahesh Bhupathi and Rohan Bopanna34. Who won the men’s singles of ATP Dubai Open 2012?Ans. Roger Federer35Name the Indian American filmmaker who won the ’2012 Rising Star Award’ for his feature film ’9 Eleven’ at the Canada International Film Festival.Ans. Manan Singh Katohora36. Who has been elected as Russian President recently?Ans. Vladimir Putin37. Name of Taslima Nasreen’s autobiography?Ans. Nirbasan38. Who is World’s shortest man as per recent Guinness World Records ?Ans. 72-year old Chandra Bahadur Dangi of Nepal39. Name the Romanian Prime Minister who quit recently.Ans. Emil Boc40Name the Maldives President who was appointed after Mohamed Nasheed quit.Ans. Mohammad Waheed Hassan41. Which singer is launching her own social networking website exclusively for her fans?Ans. Lady Gaga [Little Monsters]42. Which country released world’s highest resolution lunar images taken by its 2nd moon orbiter, Chang’e-2?Ans. China43. Who was honoured with Lata Mangehkar award by the Madhya Pradesh government recently?Ans. Rajesh Roshan44. Why zebras have black and white stripes (recently solved mystery)?Ans. To keep blood-sucking files away45. Who was honoured with a posthumous Grammy award for his contributions to the music industry in area other than performance?Ans. Steve Jobs46. Name the yesteryear actress who featured in the popular song ‘Ae Meri Zohra Jabeen’ from the film ‘Waqt’who passed away recently.Achala Sachdev passed away at a Pune hospital on April 30, 2012. was 91 year old.47. Where in India, largest solar power plant with an installed capacity of 40 MW started producing electricity?Pokhran in Jaisalmer district of Rajasthan48. Which department in India plans to set up 1000 ATM’s across 6 states?Postal department49 Who created history by becoming the first Indian female wrestler to have qualified for the London Olympics 2012?Geeta50. Who has been appointed next Chairman of Atomic Energy Commission?Ratan Kumar Sinha51. In which part of India, Indo Tibetan Border Police headquarters is to be opened?Bihar52. Which state’s High Court has insisted that banks cannot freeze accounts nor stop services of issuing cheque book or ATM facility where the account holder has not supplied KYC (Know Your Customers) documents?Gujarat53. Name the former Haryana chief secretary who took oath as state information commissioner ?Urvashi Gulati54. Which State becames the 3rd state in India to launch State Portal (SP) and State Service Delivery Gateway (SSDG) project?Nagaland55. Who won the World Series Hockey 2012 title?Sher-E-Punjab56. In which state Urdu medium Government schools would be setup as announced by Chief Minister Akhilesh Yadav?Uttar Pradesh57Where is the World’s first Virtual shopping store opened?Korea58. Who is named as HSBC’s India CEO?Stuart Milne59 Which Indian state bans guthka from 1st of April 2012 to curb the increasing number of mouth cancer cases?Madhya Pradesh60. Which Indian state chief minister has urged union Finance Minister to bail it out of its huge burden?West Bengal61. Name the Jammu and Kashmir High Court Chief Justice who was sworn in as Supreme court judge ?F.M.Ibrahim Kalifulla62 Name the Gujarati techie whose name has emerged for India’s President as the nation has to elect 16th President in July 2012 ?Sam Pitroda63 At what value Air India’s restructuring plan was approved by a group of 19 banks led by SBI?18,000 crore64Which services Airtel is planning to launch in Kolkata in April 2012?4G services65. Name the nuclear submarine which joined Indian Navy.INS Chakra66. Which education company bagged Rs.209 crore order from Assam Government?Educomp67. Which 2 north Indian states will have pipeline connected oil terminals for supply of diesel, petrol and kerosene?Jammu and Himachal Pradesh68. Which Asian country has issued tender to buy minimum of 30,000 tonnes of basmati rice from India and Pakistan?Iraq69. NSE founder who passes away Recently?RH PatilDr R H Patil, chairman, Clearing Corporation of India (CCIL) and founder-managing director of the National Stock Exchange (NSE) passed away in Mumbai70 Who donated 1 million Singapore Dollars to Indian Heritage Centre?71 Name the world’s highest and longest bridge that was officially opened to motorists in China.Anzhaite Long-span Suspension Bridge in Jishou72. Which bank has opened 16 Ultra Small branches in 16 locations in villages to cater to financial needs of the rural populace?IDBI Bank73 Who has been conferred with Sir Jehangir Ghandy Medal?Narayana Murthy74 In which city in Kerala will Infosys setup its 2nd campus?Thiruvananthapuram75 Which bank will set up 1-person micro branches to serve remote areas of the northeastern region financially?Indian Overseas Bank76. Which act does not allow to prosecute (no wife can claim compensation or maintenance) husband’s girlfriend?Protection of Women from Domestic Vilonce Act, 200577. Name the 3 Indian hockey players after whom tube stations in London has been renamed.Dhyan Chand, Roop Singh and Leslie Claudius78. Who has been signed up as brand ambassador of Toyota Kirloskar Motors?Virat Kohli79. When was 63rd Rajasthan Day celebrated?30th March 201280. Where in Rajasthan Spices Board’s first Spices Park is setup?Jodhpur81. Which Asian country recently became member of Consultative Group to Assist the Poor (CGAP)?India82. Who won her 6th world sprint title at the world track cycling championships 2012?Victoria Pendleton83. Name the Malawi President who died after heart attack.Bingu wa Mutharika84. Who was sworn in as Malawi’s President following the death of Bingu wa Mutharika?Joyce Banda85. Which Asian country made Hindu marriage registration a must by bringing the law in lines with India?Bangladesh86. Israel has decided to setup its consulate office in which part of India?Bangalore87. Which Indian city is likely to get water taxis and airconditioned trams?Kolkata88. Name the young doctor who is set to become the first foreign national of Indian origin to walk across Antarctica carrying the Indian Flag.Dr.Alexander Kumar89. Name the youngest Indian boxer who qualified for London Olympics 2012.Shiva Thapa90. What percentage hike was allocated for Karnataka by Planning Commission for current fiscal 2012-13 in the 12th Plan?10%91. Who will be the sports ambassador for the state of Haryana?Leander Paes92. Which category of women will be allowed to participate in the Miss Universe beauty pageant from next year?Transgender women93. Which rank does Bangalore hold as preferred entrepreneurial locations worldwide?9th rank94. Which TV has become the first Indian television channel to enter the Chinese market?Zee TV95. Which act was amended to include compulsory registration of marriages in India?Registration of Births and Deaths Act, 196996. Where in Himachal Pradesh Indian Institute of Information Technology (IIIT) would be opened?Una district97. What denominations of currency note will RBI introduce bearing rupee symbol?Rs.20 and Rs.50 currency notes98. Name the index on which NSE is set to launch derivative trade.FTSE 100 index99. What percentage and value of US based Max New York Life Insurance was sold to Mitsui Sumitomo Insurance (MSI)?26% and Rs.2,731 crore100. Which country replaced China as Iran’s top oil client?India101. India has recently decided to allow Foreign Direct Investment from which Asian country?Pakistan102. What value of equity infusion did Air India get spread over a period of 9 years?Rs. 30,000 crore103. Where in India Integrated Check Post was inaugurated on the occasion of Baisakhi to enhance trade between India-Pakistan?Attari104. Which education council in India would have its own job portal for the students of technical and professional institutions?All India Council for Technical Education (AICTE)105. Which 2 countries have agreed to resume dialogue on disarmament and non-proliferation after a gap of 9 years?India and China106 Which repayment transaction is now allowed by RBI electronically i.e. NEFT?Repayment of Loan EMI’s107. How many co-sponsors are against the Bill of outsourcing call centers in USA?106 co-sponsors108 How much basis point did RBI cut key rates after 3 years?50 basis points109. Name the Master Card’s President and CEO who has been elected next chairman of the US-India Business Council?Ajay Banga110. Which Indian FMCG company crossed $1 billion mark in 2011-12?Dabur India111Which 14 year old ICC cricket tournament would end after 2013?ICC Champions Trophy112. Which state has included services of the petroleum industry, including that provided by tanker operations as essential services under the state’s Essential Services Maintenance Act 1971, (Act 20 of 1971)?Andhra Pradesh113. Which Indian state’s 100th anniversary was celebrated recently?Bihar114. Who replaces Simon Leung chief executive of the greater China region of Microsoft?Ralph Haupter115. Bill to include children with disabilities under which Act was recently passed by Rajya Sabha recently?Right to Education Act116 Name the spy satellite launched by ISRO recently.RISAT-1117. Which cricket player and lady actor were recommended for Rajya Sabha membership in India?Sachin Tendulkar and Rekha118 Name the Indian origin entrepreneur and educator who is named as the Goodwill Ambassador for Education Partnerships for UN Educational, Scientific and Cultural Organisation (UNESCO).Sunny-Varkey119. Who has been appointed as Governor of Goa, Rajasthan and Uttarkhand?B.V.Wanchoo, Margaret Alva and Aziz Qureshi120. Who were given fresh terms as Governor of Andhra Pradesh and Maharashtra?E.S.L.Narasimhan and K.Sankaranarayanan121 Which Indian state will be showcased at the Cannes Film Festival?Gujarat122. Which 2 Asian countries will hold 1st ever economic dialogue on 30th April 2012?India and Japan123. Name the first of the four Dreamliner aircraft that Air India got from Nikki Haley’s state.Boeing 78779. Who won the Asian Snooker Championship 2012?Aditya Mehta124. Who retained the crown as Britain’s richest man?Lakshmi Mittal125. Where was the India Investrade 2012 organised by Indian Chamber of Commerce, Kolkata held?Colombo, Sri Lanka126. Name the mango variety named after the youngest Chief Minister of Uttar Pradesh. ‘Akhilesh aam’, named after Akhilesh Yadav127. Which Indian state is planning to make 100 the common number to dial in any emergency?Tamil Nadu128. Who became the 1st player to cross 2000 runs in cricket tournament IPL?Suresh Raina129 Which country is keen to boost trade ties with Kerala?Singapore130. Who became the 1st player to win Barcelona title for 7 times?Rafael Nadal131. Name the former BCCI president who passed away recently after whom the challenger trophy was named.N.K.P.Salve132 Who won the Champions Trophy women’s hockey tournament for the 5th time?Argentina133.Who has been appointed as Chief executive operations for China’s Walmart?Greg Foran134 .When is Windows 8 set to be released by Microsoft?February 29th 2012135Recently India has raised its objection over the construction of the Zangmu dam. In this Context which country is building this Zangmu dam?China on the Brahmaputra136 Kundankulam Nuclear Power Plant is being established in -Tamil Nadu137 Which one of the following States/Union Territories has the least number of females per 1000 males as per provisional figures of Census 2011?Daman and Diu138 Which of the following has the highest share in power generation in India?Thermal power139 Volkswagen launched the new IPL edition of Vento and Polo. Volkswagen is a car maker head quartered inGermany140 The White House on February 10,2012 named India's renowned economist as the recipient of the 2011 US National Humanities Medal, Identify him -Amartya Sen141Pakistani archaeologists discovered a rare Indus Valley civilization era seal in steatite dating back to 2500-2000 BC from the Cholistan area of which of the following province in Pakistan?Punjab Province142 The new President of the World Bank to take charge w.e.f July 2012 is -Jim Young Kim143 In 'Meritorious Awards' of SCOPE for the year 2010 - 11, which of the following Public Sector company has been awarded the Gold Trophy for the best corporate governance?SAIL144 As per the latest estimates of Planning Commission, what was the total population percentage was below poverty line in the year 2009-10?29.8%145'Environment Excellency' award under SCOPE Meritorious Awards 2010-11 has been given to -ONGC146 Finance Minister in his rollback announcements in budget proposals 2012-13 deferred GAAR for -One year147 South Sudan has become a member of International Monetary Fund (IMF). It became IMF's -188th Member148 How many Indian Companies have been included in Forbes 2000 list of the year 2012?61149 National Dairy Plan (Phase - I) has been launched to give a boost to milk production in the country. In the first phase this plan will cover -Only 14 states150 20th Summit of ASEAN was held on April3-4,2012 in -Phnom Penh(Cambodia)

If the BJP government at center is involved in Rafale scam, why Rahul Gandhi and Congress are not lodging a complaint with the court?

The Rafale Deal. One More in a Long List.I have known and seen up close ten Prime Ministers of India and can safely testify that except for Dr.Manmohan Singh, all the others collected money. The money was mostly for their parties and some of it inevitably leaked out. Collecting money involves trade-offs. It’s always an investment by the giver for more. Money is the mother’s milk of politics. Without it the political machine that sustains the whole edifice grinds to a halt. Without it the people who mostly man the system by during the propaganda phase to the bringing out the voters phase just will disappear. Thus the main task of a political leader is to raise money. Have no illusions about it. We have a corrupt system.Narendra Modi didn’t get where he did without hush money and slush money. That’s why he figures in the documents were seized in the raids on Birla group companies in 2013, and on Sahara India Group in the national capital region on 22 November 2014. It is alleged that there are noting of Sahara officials that they had paid nine times to Modi between October 2013 and February 2014. It is also alleged documents with Income Tax departments reveal that the Birla group paid Rs 12 crores to Modi, of a total of Rs 25 crores, when he was Gujarat chief minister. (So lets can this nonsense of an incorruptible Prime Minister. They are all men of the world save Manmohan Singh who has a long relationship with people of grease and sleaze to do the job for him.This why defence deals play such a major role in our politics. Like petroleum taxes it makes for easy collection. India’s defence spend is expected to hit $620 billion between fiscal years 2014 and 2022, with half of it going into capital expenditure. According to SIPRI India is the fifth largest military spender (2016) in the world and the largest importer of arms, accounting for 13 percent of the world’s total imports between 2012 and 2016. As much as 70 percent of India’s arms are imported.India’s first big ticket military purchase was for de HavillanD Vampire jets in November 1948. VK Krishna Menon, India’s first High Commissioner in London, engineered this deal. At that time India had UK Sterling reserves and the cost of the Vampires was just deducted from this. In those days of early innocence this deal escaped notice. Here was a relatively large arms purchase made on the quiet and with no options examined. Incidentally the Vampires arrived without firing pins.Following the Vampires, India ordered several hundred Ouragan’s and Mystere fighters from France, Fairchild C-119G Packet transports from the USA, Hawker Hunter fighter- bombers and English Electric Canberra bombers. Most of these were adhoc purchases and it was always speculated that some money changed hand to facilitate these deals. We were in too much of a funk to use them in 1962.Nothing ever came out on these deals, but soon people started noticing a new class of people in New Delhi. These were the early jet setters with homes in London and business interests in India. Their business interests were mostly centered on highly placed bureaucrats, military officers and powerful politicians. It was not long before the names of sons of some leading politicians also began to be heard in this connection.The only deals that didn’t have such intermediaries were the government-to-government purchases from the former Soviet Union. In fact the deals mostly favored India and often we got the latest fighters, like the MIG29 even before the Soviet Air Force got them.The 1970’s also saw the advent of the likes of the Hinduja brothers and soon arms deals became major sources of slush funds for buyers, sellers, middlemen and everyone else in between, who all went laughing all the way to the bank.The first major deal that went this way was the Anglo French Sepecat Jaguar deep penetration strike aircraft in 1978, when Jagjivan Ram was the Defence Minister. In 1979 the Defence Minister’s son Suresh Kumar was in a fracas in the car park of Parliament in a Mercedes Benz car (a rarity those days) with a group of rival Janata Party activists (led by KC Tyagi, now a JDU MP). When the police investigated the matter, it was discovered that the car was registered in the name one SP Chibber, a known arms wheeler-dealer who was reputedly the intermediary for the Anglo-French consortium which produced the Jaguar.This was when the French Mirage 2000 made by Marcel Dassault Avions made its appearance. Rajiv Gandhi, as a newly elected MP in 1982 and Congress general secretary, saw it put through its paces at the Paris Airshow. He was very impressed. He sat in on the official meeting in the ministry of defence that decided to acquire Mirage 2000. Gandhi had just become a qualified Boeing 737 pilot and this was presumably considered expertise enough.In 1985 the Rajiv Gandhi government decided to induct 150 Mirage 2000 fighters into the IAF. The first 40 aircraft were to be imported from France and the rest manufactured by HAL. But the second part of the program was not operationalized despite HAL having invested in an assembly line for Mirage 2000’s. What happened is still a matter of speculation?The next big deal pertained to Bofors about which so much has been written. The merits of the Bofors FH-77 155 mm howitzer are not in question, though ignorant people like Ram Jethmalani tried to paint it as a dud. But what became apparent was irrespective of which howitzer was bought Ottavio Quattrochi and the Hinduja brothers were cut into the deal. The Hinduja influence to peddle went beyond parties. Atal Behari Vajpayee even wrote to then Prime Minister PV Narasimha Rao (another Hinduja friend) to exonerate them of all charges and Jethmalani defended them in court.Even if the Rafale was bought in 2014 as it was cleared by the MMRCA tender for far less, $10.5 billion for 126 aircraft, it would have involved under the table payments. These payments typically go three ways. One tranche to the Indian decision-makers, the second to the middlemen and the third to officials in French establishment and manufacturers. French leaders like Giscard D’Estaing, Jacques Chirac and Nicholas Sarkozy have at various times been accused by French media of taking money from the likes of Jean Bedel Bokassa, Muammar Gaddafi and Saddam Hussain.This is a well-honed European practice. We saw it happen in the purchase of Bofors howitzers when Olaf Palme’s Socialist Party too got a cut. Even the then British Prime Minister Margaret Thatcher’s son was found to be getting paid in the Saudi deal to buy 220 Tornado fighters. The Guardian published: “The MoD documents reveal that the price of each Tornado was inflated by 32%, from £16.3m to £21.5m. It is common in arms deals for the prices of weapons to be raised so that commissions can be skimmed off the top”.But how much more are we paying for the “new” Rafale’s is important? Air Marshal M Matheswaran (retd.), the officer who led the evaluation of the six fighters bidding for the MMRCA contract said that the Rafale was chosen as it was “an exceptional aircraft in a multirole capability, but was an expensive aircraft”. According to him the MMRCA tender was cleared “for $10.5 billion for 126 aircraft”. The French Air Force acquired its Rafale for Euros 55 million. The Indian Rafale cost more because of India specific weapons package and avionics modificationsIn the Air Staff Qualitative Requirements (ASQR) provided by the Indian Air Force, there were 13 “India-Specific Enhancements” demanded by India in the 126-aircraft MMRCA contract. These included radar enhancements, helmet-mounted display, towed decoy system, low-band jammer and the ability to operate from high-altitude airfields.That these were the same for the 36 Rafale’s ordered by PM Modi is made clear by the joint statement of April 10, 2015 issued by French President Francois Hollande and Prime Minister Narendra Modi, which reads: “…that the aircraft and associated systems and weapons would be delivered on the same configuration as has been tested and approved by Indian Air Force…” (There is much noise about the huge costs at which the 36 Rafale’s have been contracted for. The comparable costs of the 126 and 36 deals can only be read when all the costs are factored in.The cost of the new deal for 36 Rafale’s is 3.42 billion euros as the cost of bare planes; 1.8 billion euros for associated supplies for infrastructure and support; 1.7 billion euros for India-specific changes; and 353 million euros for “performance-based logistics support”; with the weapons package of 700 million euros being the extra. What is new here are the performance-based logistics support and weapons package. So take out 1,053 million euros out and you have the comparable cost, which means it is 7.1 billion euros. It appears that the “fiddle” is in India-specific costs, additional infrastructure and support, and performance logistics support. The first MMRCA deal would also have included India-specific specifications, as in the case of IAF’s SU-30 MKIs. For comparison’s sake, the argument can be that 36 Rafale’s now cost 7.1 billion euros, while 126 Rafale’s in 2012 cost 7.75 billion euros.Clearly a huge cushioning has been provisioned to meet the needs of all the parties concerned – the BJP, Anil Ambani and I would suspect even some French officials to preclude any whistle blowing. Look at these other facts now. According to the ministry of company affairs, Reliance Defence Ltd was registered on March 28, 2015. On April 11, 2015 Reliance Defence Ltd becomes the main partner to ensure the 50 per cent offset clause, under which Dassault and other related French parties would invest half the contract value back in the country.Government officials insist that 74 per cent of the offsets will be exported, earning 3 billion euros for the country in the next seven years. The experience with all offsets suggests that this is far-fetched. It has not happened so far. In the AgustaWestland offsets investigators discovered money trails from Mauritius, Singapore, UAE, Tunisia, UK and British Virgin Islands linking the agents and the manufacturer.)I will bet that Reliance Defence, a company registered just 14 days before the Modi-Hollande deal was meant to create a pathway for “offsets” to come back into Indian hands, for politics and business.Incidentally Anil Ambani’s flagship company, Reliance Communications Ltd. (stylized as RCom), just defaulted on a major foreign loan and its future ability to fulfill its Rafale offsets commitment should now be in doubt.Recently, IDBI Bank filed an insolvency application before the National Company Law Tribunal (NCLT) seeking debt resolution of Reliance Naval and Engineering, the shipbuilding Anil Ambani company, under the Insolvency and Bankruptcy Code. Yet Reliance Defence is so confident about fulfilling its Rafale-related obligations. I suspect there are no obligations. Reliance Defence is just a pass through. It’s not without reason that Anil Ambani is believed to be close to Prime Minister Modi and to some in his close circle.

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