Bang Galore
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Actually it fits precisely with what both the IAF and Dassualt have been saying- the end of 2014 OR end of 2014-15 financial year. The IAF would only have to pay around $1.6BN upfront (not the full $16BN) and it is possible the Rafale deal has been budgeted for from the start of this FY (as was the case last year) s......
Don't think there is money for this year. the capital expense budget for the IAF this year was about Rs.21000 crores. Don't think they will have 10-12000 crores (depending on final arrived cost) left. Next year is probably a better bet.