So the 33rd Coast Guard Day Press Conference will no longer be graced by the Defense Minister AK Antony.
So the 33rd Coast Guard Day Press Conference will no longer be graced by the Defense Minister AK Antony.
A cost escalation of 50 percent (INR 63,000 crore, in this case) or more, requires approval again from the Ministry of Finance, before the Defense Acquisitions Council (DAC) can proceed with it. With the cost of the tender for India safely ranging from INR 83,000 crore to 1,25,000 crore, the revision of the estimated expenditure on the MMRCA would require the approval of the finance ministry.