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Online edition of India's National Newspaper Sunday, November 04, 2001 |
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Ban on arms agents goes
NEW DELHI, NOV. 3. Lifting a 13-year-old ban, the Centre today
allowed foreign armament companies to have authorised agents, but
with a stricter regulatory mechanism that includes giving legal
undertakings against making illegal payments for securing arms
contracts.
Enforcing the regulatory provisions, the Centre's announcement
said the suppliers would be slapped with specified penalties if
the undertaking was infringed in a bid to prevent illegal
payments.
- PTI
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Section : Front Page Previous : Crackers: SC ruling | |
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