Extraction of encrypted WhatsApp chats reveals alleged Punjab babu-middleman nexus. Three IAS officers, an IPS officer and other public servants allegedly linked to payments for official favours. ED set to summon officers.
https://t.co/tbx2IMm80L
@ETPolitics
The consequences from Donald Trump's rout in the US Congressional polls that India should watch out for & prepare. A must read by @JawedAshraf5 especially on reading the fine lines of White House-Congress dynamics & why this loss differs from the past.
https://t.co/tpMaQoE6mU
Why India needs to brace for some challenging times ahead. It may not matter much which way the US midterms swing as Trump will look to enforce his actions either way. Meanwhile, Govt's manoeuvrability at home will be constrained by domestic politics as tough economic calls stare back amid geopolitical flux in West Asia. My column #StateofPlay
https://t.co/cp5X9FwzOt
Rajnath meets Hegseth, raises concerns on F 16 sustainment package to Pakistan.
Calls for zero tolerance to nations supporting terror. Cautions over weapons tech to Pakistan that could be transferred to third nation.
https://t.co/1r6rRKnF6Y
@ETPolitics
Helicopters, artillery guns, drones among Rs 2.1 lakh crore acquisitions cleared by Defence Ministry.
24 new VVIP helicopters to be bought, 200 light utility choppers cleared.
K 9Vajra numbers get a big boost.
https://t.co/hHeGODhCOa
@ETPolitics
Can build next generation capabilities with India, makes business sense: Thales CEO
Patrice Caine says Thales sources Euro 1.2 billion from India in past 5 years, looking to increase it
Indian launch service companies have good potential, will be natural partners for Thales
@ETPolitics
https://t.co/hnAjhkOPTf
After CBI corruption probe, scanner on all SMPP dealings with Army
Company has several contracts under execution.
Set to be taken off ongoing competitions as well.
@ETPolitics
https://t.co/5jBDeT0AJR
Why India while firming up the trade deal with US, must not hurry its implementation steps. 'Entry into force' clause now holds the key as Trump buffets his way through domestic political turbulence, armed with the Graham legislation to impose tariffs at will on countries like India with high Russia oil trade. My column #StateofPlay
https://t.co/VrdNDSWpLb
As per new guidelines promulgated this year, entities that have been named in a First Information Report (FIR) by the CBI or other central investigative agencies face a suspension of business dealings, with the Secretary of the department authorised to take action as soon as information on the issue is received.
As per the guidelines, the period of suspension could be six months, which can be extended by the Secretary concerned.
In case it is established that corrupt practices were undertaken by the company or a formal chargesheet is filed by CBI, the company will face stricter action of debarment by the defence ministry.
Defence Ministry is likely to suspend business dealings with pulp packaging to drones manufacturer SMPP after bribery charge.
Latest guidelines from April this year mandate suspension of business dealings if a company is named in a CBI FIR.
Initially for a period of 6 months, which can be extended.
More stringent provision of debarment will get triggered if chargesheet is filed.
@ETPolitics
https://t.co/uOo3Pl7dBF
SMPP corruption case:
The order of suspension of business dealings with the defence ministry can also be extended to all of the company’s allied firms.
In case the company’s joint ventures or consortiums are suspended, all partners may also be deemed to be suspended.
Defence Ministry is likely to suspend business dealings with pulp packaging to drones manufacturer SMPP after bribery charge.
Latest guidelines from April this year mandate suspension of business dealings if a company is named in a CBI FIR.
Initially for a period of 6 months, which can be extended.
More stringent provision of debarment will get triggered if chargesheet is filed.
@ETPolitics
https://t.co/uOo3Pl7dBF
Defence Ministry is likely to suspend business dealings with pulp packaging to drones manufacturer SMPP after bribery charge.
Latest guidelines from April this year mandate suspension of business dealings if a company is named in a CBI FIR.
Initially for a period of 6 months, which can be extended.
More stringent provision of debarment will get triggered if chargesheet is filed.
@ETPolitics
https://t.co/uOo3Pl7dBF
A new chapter for Indian deep-strike capability takes off at @NS_FutureReady
We congratulate our #GryphonWorks team on successfully conducting the test trial of a RATO booster on the Sheshnag-150 #OWA drone, a first for an #IDDM long range strike asset!🇮🇳
#JaiHind 🫡
SMPP also has a partnership with Rheinmetall’s South African entity for manufacturing ammunition.
Rheinmetall Air Defence as we know, is blacklisted by the defence ministry over past corruption allegations.
Major crackdown:
CBI books private defence player SMPP for alleged bribery in Rs 500 crore deal
Allegedly bribed official of Munitions India Limited, gained access to confidential information and favors.
FIR mentions role of senior SMPP executives, Ceo Ashish Kansal among arrested.
@ETPolitics
https://t.co/qdFWswZViu
SMPP - the first defence company of its size caught in a corruption scandal in over a decade - is no stranger to controversies.
In 2019, ET brought out how it sourced key components and raw material for bullet proof jackets supplied to the Indian Army from China.
This was after it used western sourced materials during qualification trials.
https://t.co/DgDLL966l0
Major crackdown:
CBI books private defence player SMPP for alleged bribery in Rs 500 crore deal
Allegedly bribed official of Munitions India Limited, gained access to confidential information and favors.
FIR mentions role of senior SMPP executives, Ceo Ashish Kansal among arrested.
@ETPolitics
https://t.co/qdFWswZViu
SMPP - originally a pulp packaging manufacturer- started in the defence sector as a provider of bullet proof systems but in recent years diversified into making loitering munitions and ammunition.
It also has a partnership with Rheinmetall’s South African entity, set up an ammunition plant in Himachal.
Major crackdown:
CBI books private defence player SMPP for alleged bribery in Rs 500 crore deal
Allegedly bribed official of Munitions India Limited, gained access to confidential information and favors.
FIR mentions role of senior SMPP executives, Ceo Ashish Kansal among arrested.
@ETPolitics
https://t.co/qdFWswZViu
What's at stake in the ongoing public row over the CEC is how will the Commission discharge its core function of conducting polls from here on. Because seeds of doubt have been sown on 3 critical fronts: EC-voter dynamic; EC-political parties’ relationship; and uncertainty within the EC system on the way forward.
My column #StateofPlay
https://t.co/1U5WLYMuWY
Before sale of armed drones to Pakistan, Trump family linked company signed up to make anti drone systems in India.
Powerus signed licensing agreement in June with Paras defence to manufacture and sell Guardian interceptors in India.
In September, Powerus executives met Asim Munir, announce drone sales and MoU with Pak Army. Say "proud to support Pakistan Ministry of Defence".
@ETPolitics
https://t.co/NFBhZqcBN9
Speaking at the Handing Over ceremony of LCA Tejas FOC Twin Seater Trainers & HTT 40 Basic Trainer Aircraft to IAF and Dhruv NG helicopters to PHL. https://t.co/EkQymg49VP