India warns arms companies of action for default in offset commitments

-
Cracking the whip against foreign armament majors for failure to fulfil their offsets obligations in defence deals, India has threatened to ban a US company and put another 11 American, French, Russian and Israeli firms on a watch-list for imposition of penalties. The defence ministry (MoD) has delivered a stern message to the arms companies, seeking repeated time extensions to discharge their offsets commitments, that it won’t be business as usual any longer, say top sources.

from India News | Latest News Headlines & Live Updates from India - Times of India https://ift.tt/2WvJsXC

Comments

Post a Comment

Popular posts from this blog

Assaulted by babu's son, run over by SUV, claims woman

-
Image
A 26-year-old beautician alleges that the son of a senior bureaucrat and his friends assaulted her and ran over her leg with an SUV near Thane's Ghodbunder road. The victim, Priya Singh, is recovering in a hospital for stomach, back, and arm injuries and a broken leg. Singh went to meet her alleged boyfriend, Ashwajit Gaikwad, at the Courtyard Hotel, but they argued on the service road. Gaikwad assaulted Singh, bit her hand, and Shelke drove over her leg. Singh posted about the incident on Instagram and accused the police of being lax in their investigation. from India News | Latest India News Headlines & Live Updates from India - Times of India https://ift.tt/oli9zqt
Read more