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India France to ink Rafale Deal

India will finally ink the deal for direct acquisition of 36 Rafale fighter jets from France on Friday. 
•    IAF, after all, is down to just 33 fighter squadrons when at least 42 are required for dissuasive deterrence against China and Pakistan.
•    The overall cost of the 36 twin-engine Rafales , along with their weapon packages, associated supplies and logistics, is pegged at around 7.8 billion euros (over Rs 59,000 crore).
•    It is capable of delivering nuclear weapons, & will touch down in India within three years. 
•    All 36 jets will be delivered in 66 months. India will pay around 15% (around Rs 9,000 crore) as the first installment.
•    The inking of the IGA comes 20 months after the proposed government-to-government deal was announced during the Modi-Hollande summit in Paris in April 2015. 

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