December 15, 2024 00:43 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Pushpa 2 stampede: Allu Arjun walks out of jail, actor's lawyer slams delay in release | Donald Trump intends to end 'inconvenient' and 'very costly' Daylight Saving Time | Suchir Balaji: Indian-origin former OpenAI researcher found dead at US apartment | Bengaluru techie suicide: Karnataka Police issues summons to wife Nikita, her family members | French President Macron appoints centrist leader Francois Bayrou as new Prime Minister | Congress always prioritised personal interest over Constitution: Rajnath Singh | Jaishankar calls attack on Hindus in Bangladesh 'a source of concern' | Allu Arjun arrested over woman's death in stampede during Pushpa 2 premiere show | RBI receives bomb threat in Russian language, case filed | UP teenager kills mother, lives with body for 5 days

Defence ministry mulling to legalize middlemen in arm purchase deals

| | Dec 31, 2014, at 03:57 pm
New Delhi, Dec 31 (IBNS): Defence Minister Manohar Parrikar said that a new policy legalizing middlemen in arms purchases would soon be in place, media reports said.

The Minister told NDTV: “The middle men have to be declared and their commission cannot be linked to the outcome of negotiations.”

Parrikar, who took charge of the Defence portfolio last month, said the government would also allow these agents to participate in meetings to help the company they represent, since it may not be possible for official representatives to attend all meetings in India.

He said that the government could give conditioned and limited approval to dealing with banned defence firms.

The role of defence agents (popularly known as middlemen) was banned for years following the multi-million Bofors issue in 1980s when the Congress was in power.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.