[I/lII. <<State-run aerospace behemoth Hindustan Aeronautics Limited (HAL) has made a profit of Rs 7,334 crore in the last four years, according to details provided by the government in Lok Sabha Wednesday. The company has generated a net revenue of Rs 58,651 crore between the financial year 2015-16 and September last year, as per the details. The year-wise data on profit and net revenue of the HAL was presented to Lok Sabha by Minister of State for Defence Subhash Bhamre while replying to a question. He said the HAL made a profit of Rs 1,998 crore in 2015-16 while the amount in 2016-17 was Rs 2,616 crore and Rs 2,070 crore in 2017-18.>>
(Ref.: 'HAL made profit of Rs 7,334 crore in last four years, Parliament told' at < http://www.newindianexpress.com/business/2019/jan/03/hal-made-profit-of-rs-7334-crore-in-last-four-years-parliament-told-1919780.html?fbclid=IwAR0ODnZ4_dB4l5jpLooDDDtmlq-N4HZ1AZZw5oEQlbgcmsDUjLdz2-26ewY >.) II/III. <<As of today, pending dues are Rs 15,700 crore. And none of this is money we want as advance, it is for products and services we’ve delivered already,” (HAL CMD R) Madhavan said. Of the Rs 15,700 crore, about Rs 14,500 crore is due from IAF and the rest from the Indian army, navy and the coast guard. The IAF has paid only Rs 2,000 crore since September 2017. It's present dues stand at Rs 14,500 crore.>> (Ref.: 'Broke HAL borrows Rs 1,000 crore to pay salaries to employees' at < https://timesofindia.indiatimes.com/india/broke-hal-borrows-1000-crore-to-pay-salaries-to-employees/articleshow/67390881.cms >.) III. <<Senior HAL management officials who didn’t wish to be named told TOI that no actual order has been placed and not a single rupee has been released to the company.>> (Ref.: 'HAL awaits orders for projects of 1 lakh crore mentioned by Nirmala Sitharaman' at < https://timesofindia.indiatimes.com/india/hal-awaits-orders-for-projects-of-1-lakh-crore-mentioned-by-nirmala-sitharaman/articleshow/67402167.cms >.) <<During the discussion on Rafale in Lok Sabha on Friday, Ms Sitharaman said the government has given extensive contracts to HAL. "The Congress is shedding crocodile tears for HAL. The Congress government gave 53 waivers to HAL... We have given contracts worth Rs. 1 lakh crore," the defence minister had said. In a tweet today, Mr Surjewala said: "The Lying Defence Minister's Lies Gets Exposed! Def Min claimed that procurement orders worth Rs. 1 Lakh Cr provided to HAL! HAL says Not a SINGLE PAISA has come, as Not a SINGLE ORDER has been signed! For the first time, HAL forced to take a loan of Rs. 1000 Cr to pay salaries!" On Saturday too, Mr Gandhi had accused Prime Minister Narendra Modi of "weakening" HAL to help his "suit-boot" friend.>> (Excerpted from the post below.)] https://www.ndtv.com/india-news/prove-orders-for-hal-or-resign-rahul-gandhi-challenges-defence-minister-nirmala-sitharaman-1973374?fbclid=IwAR2hJONuCRXR3yIHyJzwfb6erbmCdJk86-71Aag7oaNB5W24LNDIX5MObGg Prove Orders For HAL Or Resign, Rahul Gandhi Challenges Defence Minister Congress alleges government had been giving short shrift to HAL to favour Anil Ambani's rookie defence firm All India | Edited by Anindita Sanyal | Updated: January 06, 2019 17:29 IST Prove Orders For HAL Or Resign, Rahul Gandhi Challenges Defence Minister HAL issue: "When you tell one lie, you need to keep spinning out more lies..." Rahul Gandhi said NEW DELHI: Congress chief Rahul Gandhi and senior party leader Randeep Surjewala have accused Defence Minister Nirmala Sitharaman of lying about procurement orders worth Rs. 1 lakh crore for Hindustan Aeronautics Limited or HAL. The defence manufacturer, Mr Surjewala said, has not received a single order and had to take a loan to pay the salaries of its employees. Mr Gandhi said Ms Sitharaman must place documents of the government orders before parliament, or resign. The allegations came after media reports claimed HAL, grappling with low finances, had been forced to borrow money to pay its employees' salaries. The Times of India reported that though the process of ordering has been started, no actual orders have been placed yet. HAL is yet to comment on the matter. Mr Gandhi's tweet read: "When you tell one lie, you need to keep spinning out more lies, to cover up the first one. In her eagerness to defend the PM's Rafale lie, the RM lied to Parliament. Tomorrow, RM must place before Parliament documents showing 1 Lakh crore of Govt orders to HAL. Or resign." The Congress alleges that the government had been giving short shrift to HAL to favour Anil Ambani's rookie defence firm, which is receiving an offset contract with Dassault Aviation, the manufacturer of the Rafale jet fighter. sul56jdg During the discussion on Rafale in Lok Sabha on Friday, Defence Minister Nirmala Sitharaman said the government has given extensive contracts to HAL. The government has entered a 36-aircraft deal with Rafale, which the Congress alleges, is far overpriced compared to the 126-aircraft deal negotiated by the UPA government, to help Mr Ambani's firm. Under the UPA deal, HAL was expected to manufacture the fighter planes in India. Both the government and Anil Ambani have rejected the allegations. During the discussion on Rafale in Lok Sabha on Friday, Ms Sitharaman said the government has given extensive contracts to HAL. "The Congress is shedding crocodile tears for HAL. The Congress government gave 53 waivers to HAL... We have given contracts worth Rs. 1 lakh crore," the defence minister had said. In a tweet today, Mr Surjewala said: "The Lying Defence Minister's Lies Gets Exposed! Def Min claimed that procurement orders worth Rs. 1 Lakh Cr provided to HAL! HAL says Not a SINGLE PAISA has come, as Not a SINGLE ORDER has been signed! For the first time, HAL forced to take a loan of Rs. 1000 Cr to pay salaries!" On Saturday too, Mr Gandhi had accused Prime Minister Narendra Modi of "weakening" HAL to help his "suit-boot" friend. "HAL does not have money to even pay salaries should not come as a surprise to anyone," Mr Gandhi said in a Facebook post in Hindi. Rafale had been taken away from HAL, and "now to complete the job, the suit-boot friend needs people who are in HAL. Without weakening HAL, this work cannot be done?" he had said. -- Peace Is Doable -- You received this message because you are subscribed to the Google Groups "Green Youth Movement" group. To unsubscribe from this group and stop receiving emails from it, send an email to greenyouth+unsubscr...@googlegroups.com. To post to this group, send an email to greenyouth@googlegroups.com. Visit this group at https://groups.google.com/group/greenyouth. For more options, visit https://groups.google.com/d/optout.
