Blacklisted Firm Defence

A Bengaluru-based firm which is part of the Rs 58,000-crore Rafale deal has been suspended from business dealings by the defence ministry allegedly for its role in the infamous AgustaWestland VVIP helicopter deal.

No firm or entity has been blacklisted for misconduct or wrongdoing in defence deals in the last three years, Defence Minister Manohar Parrikar said today.

The Defence Ministry will review all cases of blacklisted firms as it prepares a new list of such entities following the new policy unveiled by it which is a mixture of heavy fines and graded banning.

A day after plane-maker Embraer admitted corruption in a 200-million dollar deal with India, Defence Minister Manohar Parrikar today said the blacklisting of defence suppliers will not be handled impulsively. According to Mr Parrikar, any criminal activity should be banned, but the extent of the ban "will be based on the requirement of national sec...

Defence firms that have committed corruption-related offences will face action under a proposed blacklisting policy but the government will not hesitate to buy a product from another company even if any equipment or software manufactured by the blacklisted entity was embedded into it.

The government has decided to cancel all ongoing tenders for defence equipment won by Italy's Finmeccanica as a precursor to blacklisting of the firm which is being investigated for bribery in the AgustaWestland VVIP chopper deal.

Contesting Congress leader AK Antony's claim that Italian company Finmeccanica, the parent company of AgustaWestland Helicopters, was blacklisted during the UPA's tenure, Finance Minister Arun Jaitley said that the former defence minister appears to have suffered "a memory loss".

Unlike last time, there is no bar on blacklisted companies from taking part in the Defence Expo being held in Goa next week, the largest ever hosted by India that will see participation of over 1,000 companies.

Norms related to blacklisting of weapon manufacturing firms facing corruption charges have been eased partially as these were affecting country's security preparedness, Defence Minister Arun Jaitley said on Saturday.

The Defence Ministry has decided against blacklisting British engine manufacturer Rolls Royce and allowed the armed forces to do business related to essential requirements with the firm, which is facing a CBI probe for allegedly paying commissions and employing middlemen in contracts with state-owned HAL.

The bench then disposed of the plea of the foreign firm. However, the bench granted liberty to the firm to approach the court if it wants to challenge the blacklisting by the government.

CBI has recommended to the Defence Ministry blacklisting of six firms, including four from abroad, as a sequel to its probe into the Ordnance Factory Board scam.Official sources said the the apex investigating agency, in its letter, has mentioned four international firms - Singapore Technologies Kinetics Ltd (STK), Israel Military Industries Ltd (I...

A Bengaluru-based firm which is part of the Rs 58,000-crore Rafale deal has been suspended from business dealings by the defence ministry allegedly for its role in the infamous AgustaWestland VVIP helicopter deal.

No firm or entity has been blacklisted for misconduct or wrongdoing in defence deals in the last three years, Defence Minister Manohar Parrikar said today.

The Defence Ministry will review all cases of blacklisted firms as it prepares a new list of such entities following the new policy unveiled by it which is a mixture of heavy fines and graded banning.

A day after plane-maker Embraer admitted corruption in a 200-million dollar deal with India, Defence Minister Manohar Parrikar today said the blacklisting of defence suppliers will not be handled impulsively. According to Mr Parrikar, any criminal activity should be banned, but the extent of the ban "will be based on the requirement of national sec...

Defence firms that have committed corruption-related offences will face action under a proposed blacklisting policy but the government will not hesitate to buy a product from another company even if any equipment or software manufactured by the blacklisted entity was embedded into it.

The government has decided to cancel all ongoing tenders for defence equipment won by Italy's Finmeccanica as a precursor to blacklisting of the firm which is being investigated for bribery in the AgustaWestland VVIP chopper deal.

Contesting Congress leader AK Antony's claim that Italian company Finmeccanica, the parent company of AgustaWestland Helicopters, was blacklisted during the UPA's tenure, Finance Minister Arun Jaitley said that the former defence minister appears to have suffered "a memory loss".

Unlike last time, there is no bar on blacklisted companies from taking part in the Defence Expo being held in Goa next week, the largest ever hosted by India that will see participation of over 1,000 companies.

Norms related to blacklisting of weapon manufacturing firms facing corruption charges have been eased partially as these were affecting country's security preparedness, Defence Minister Arun Jaitley said on Saturday.

The Defence Ministry has decided against blacklisting British engine manufacturer Rolls Royce and allowed the armed forces to do business related to essential requirements with the firm, which is facing a CBI probe for allegedly paying commissions and employing middlemen in contracts with state-owned HAL.

The bench then disposed of the plea of the foreign firm. However, the bench granted liberty to the firm to approach the court if it wants to challenge the blacklisting by the government.

CBI has recommended to the Defence Ministry blacklisting of six firms, including four from abroad, as a sequel to its probe into the Ordnance Factory Board scam.Official sources said the the apex investigating agency, in its letter, has mentioned four international firms - Singapore Technologies Kinetics Ltd (STK), Israel Military Industries Ltd (I...