. 24/7 Space News .
MILPLEX
France waived taxes for Indian-run firm during fighter jet deal: report
by Staff Writers
Paris (AFP) April 14, 2019

France waived millions of euros in taxes for a company owned by an Indian businessman four years ago as the two countries were negotiating a military jet deal, French newspaper Le Monde reported Saturday.

New Delhi agreed in 2016 to purchase 36 Rafale jets from France but the deal has been embroiled in misconduct allegations, with the latest report coming just days after the start of India's massive election.

According to Le Monde, taxes worth a total of 143.7 million euros ($163 million) were waived in 2015 in a settlement in favour of a French firm owned by Indian billionaire Anil Ambani's Reliance Group conglomerate.

Reliance denied accusations it had benefited from "favouritism" in a statement sent to AFP and said the fiscal dispute had been resolved "within the legal framework available to all businesses operating in France".

The French embassy in New Delhi also said the settlement had been enacted "in full respect of the legal and regulatory framework" and was free of "any political interference".

French company Dassault initially won a contract negotiated in 2012 to supply 126 jets, with 18 built in France and the rest in India by state-owned Hindustan Aeronautics Limited.

But during a visit to France in 2015, Modi scrapped the deal, replacing it with an order for 36 jets -- all to be built in France.

The new agreement, formally signed in 2016, named Reliance group as Dassault's local partner. Ambani is reported to be close to the governing party and Reliance had little experience in the aviation sector.

The government has strongly denied any misconduct in its renegotiation of the deal and accuses opposition Congress party of undermining national security to win votes.

bur-ngu-nal/tib/or/kaf/gle

DASSAULT AVIATION

AIRBUS GROUP

RELIANCE COMMUNICATIONS


Related Links
The Military Industrial Complex at SpaceWar.com
Learn about the Superpowers of the 21st Century at SpaceWar.com


Thanks for being there;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Monthly Supporter
$5+ Billed Monthly


paypal only
SpaceDaily Contributor
$5 Billed Once


credit card or paypal


MILPLEX
German army rebuked for 'disrespectful' Ford, VW ad
Berlin (AFP) April 4, 2019
Germany's armed forces drew a severe rebuke Thursday from workers at Ford and Volkswagen over a recruitment advertising campaign that some said lacked respect. In its bid to attract employees who are facing job cuts at the German plant of US auto giant Ford, the army took out an ad in a local tabloid bearing the slogan "Job's gone? Do what really pays". But the wordplay involving the use of the German word "Fort" for a job being "gone", presented in Ford's logo, proved a step too far. Ford' ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

MILPLEX
Spinoff Book Highlights NASA Technology Everywhere

Three prototypes in space settlement challenge receive UAE support

Counting the Many Ways the International Space Station Benefits Humanity

NASA highlights science on next Cygnus mission to ISS

MILPLEX
Rocket fuel that's cleaner, safer and still full of energy

Russia Maintains High Quality of RD-180 Rocket Engines - ULA

Young entrepreneur aims to send 3D-printed rockets to space

Arianespace completes deployment of O3b constellation

MILPLEX
British instruments help reveal secrets of Mars atmosphere

Martian soil detox could lead to new medicines

NASA's MAVEN Uses Red Planet's Atmosphere to Change Orbit

Life on Mars?

MILPLEX
China's commercial carrier rocket finishes engine test

China launches new data relay satellite

Super-powerful Long March 9 said to begin missions around 2030

China preparing for space station missions

MILPLEX
Spacecraft Repo Operations

Forging the future

Preserving heritage data at ESA

Amazon working on internet-serving satellite network

MILPLEX
Northrop Grumman awarded $3B for 24 Hawkeye early warning aircraft

Study shows potential for Earth-friendly plastic replacement

NASA awards contract to Auburn University's National Center for Additive Manufacturing Excellence

China's virtual reality arcades aim for real-world success

MILPLEX
Biologists find world's first organism with non-photosynthesizing chlorophyll

Life Could Be Evolving Right Now on Nearest Exoplanets

NASA researchers catalogue all microbes and fungi on ISS

Building blocks of DNA and RNA could have appeared together before life began on Earth

MILPLEX
Europa Clipper High-Gain Antenna Undergoes Testing

Scientists to Conduct Largest-Ever Hubble Survey of the Kuiper Belt

Jupiter's unknown journey revealed

A Prehistoric Mystery in the Kuiper Belt









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.