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

Six yrs after he set 'breadwinner' wife ablaze, unemployed man gets life term

Image
An unemployed man in Mumbai has been sentenced to life imprisonment for setting his wife on fire in 2017. The man suspected his wife's character and was unhappy with her for working outside the home. The court relied on the wife's dying declaration, dismissing the defense witness, their son, as possibly being influenced. The judge stated that the crime did not warrant the death penalty and that the evidence pointed to the act being homicidal rather than a suicide. The wife's dying declaration was considered credible and consistent with other evidence. from Mumbai News: Latest Mumbai News Headlines, Coronavirus News, BMC Elections 2022 Updates from Mumbai - Times of India https://ift.tt/mxIbDOf
Read more

Maha: SSC success rate dips to 4-year low

Image
Appearing for exams based on complete syllabus for the first time since Covid struck, state board students recorded a 93% success rate in the SSC Class 10 results announced Friday. It's a drop from 96.4% in 2022 when the exams were based on 75% syllabus, but similar to 93.3% recorded in 2020 and higher than 75.5% seen in pre-Covid year of 2019 and 86.4% the year before. from Mumbai News: Latest Mumbai News Headlines, Coronavirus News, BMC Elections 2022 Updates from Mumbai - Times of India https://ift.tt/3zDayVn
Read more