These are the crucial parts imo, because they actually show the current situation:
We have a new government / PM, that is mainly aiming on business as their prime policy in every field and not on India developing state of the art defence equipment (be it alone or in joint developments). That's why the government is reviewing all the running tenders and if they can, they scrap and re-issue them to gain more business!
That's exactly what happened in the LUH competition, which just needed a final decision about the winner, but was scrapped and now should be re-issued, with a modified tender to provide Indian private industry with more business. The make in India tag is just a fake PR measure, since it would had been build in India anyway, just by another Indian company. So the "reviewing every project", is actually delaying the modernisation of our forces, for years in many cases, even if the modified tenders can hold clauses for more accountability at the end (which at this point and dealing with private industry is clearly too early to tell).
The part of that the three chiefs can meet the PM every month is just hilarious and also tells a lot about the current government style. Saddam Hussein was a dictator, but has several ministers for different fields too, although only he made the decissions. So why bother to talk with the Defence Minister (who isn't one anyway), when you directly can go to the head, who is running things anyway? I guess that explains why India doesn't have a permanent Defence Minister.
The prime aim of MMRCA is to replace parts of the Mig 21s, since LCA project was delayed and too much in trouble. So they mainly will replace Bison squads and only certain Mig 27 squad (which mainly will be replaced by MKIs), while Jags won't be phased out now at all. The last Jaguar was produced in 2008 and will have a long (theoretical) service life in IAF, while the older once will be replaced in numbers only with FGFA or later AMCA beyond 2020.