Skip to main content

In rare action, India fines Lockheed for not fulfilling offset duties

By
Sources said that the penalty – a little less than $ 5,00,000 – was imposed after the defence ministry was not satisfied with the quantum of offset obligations that Lockheed undertook in India, as per its commitment when the contract was signed.

from India News | Latest News Headlines & Live Updates from India - Times of India https://ift.tt/2OAymIC

Comments

Post a Comment

Popular posts from this blog

Taliban launch 'massive attack' on Afghan city of Kunduz

By
The militants, who have demanded that all foreign forces leave Afghanistan, now control or hold sway over roughly half of the country and are at their strongest since their 2001 defeat by a US-led invasion. Such attacks are seen as strengthening their negotiating position. from World News Headlines, Latest International News, World Breaking News - Times of India https://ift.tt/347NQeG
Post a Comment
Read more

Bangladesh election 'not free or fair': US

By
from World News Headlines, Latest International News, World Breaking News - Times of India https://ift.tt/gxSnItW
Post a Comment
Read more

Justin Trudeau's jet breaks down for 2nd time since G20 India visit

By
from World News Headlines, Latest International News, World Breaking News - Times of India https://ift.tt/ato84Hd
Post a Comment
Read more