June 26, 2014 defenseworld.net/
India’s $20 billion deal to buy Rafale fighter jets may not conclude this financial year as negotiations are still to be completed without which budgetary provision cannot be made.
The Indian budget for fiscal 2014-15 is scheduled for July during which a higher allocation for defence as compared to last year could be made. However provision for the Rafale MMRCA purchase seems unlikely as the Indian MoD is yet to conclude negotiations with Dassault. A huge capital expenditure of this type is budgeted over several year as per the schedule of payments agreed upon.