CAG report on defence offset performance in next Par session: Sitharaman

Topics cag | Parliament

Nirmala Sitharaman

Finance Minister Nirmala Sitharaman on Saturday said the CAG report on defence offset performance will be tabled in the forthcoming session of Parliament.

The report of the Comptroller and Auditor General of India (CAG) on offset performance was scheduled to be tabled in the last session of Parliament but could not be done as the session had to be curtailed following the outbreak of coronavirus pandemic.

"The C&AG Report No 20 of 2019...Defence Offset Performance was scheduled to be tabled in Parliament during the budget session (2020). The session ended, before date, due to COVID. Now the report will be placed in the next session. The contents will be known only after that, Sitharaman said in a series of tweets.

Observing that the first Rafale fighter jet was handed over to India in October 2019, the minister said, There is a year-wise phasing of how much offset obligation the companies/OEMs have to fulfill. MoD informs me that claims of such obligations being fulfilled are coming in.

Last month, India received the first set of five Rafale fighters from France. In the 36 aircraft deal, signed for around Rs 58,000 crore, Dassault Aviation has agreed to provide all fighters in a fly away condition between 36 to 67 months from the date of signing of the inter-governmental agreement in 2016.

Congress leader Rahul Gandhi on Saturday made a fresh attack on the government over the Rafale fighter aircraft deal.

In a tweet, Gandhi quoted a source-based news report which claimed that the CAG has submitted its performance audit on defence offset contracts to the government with no mention of any offset deals related to the purchase of Rafale aircraft.


(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel