Defence agents to be allowed, but no hanky-panky: Parrikar

November 15, 2015 09:10

To ensure transparency, the government will soon allow foreign defence firms to appoint agents but the companies will have to upfront mention the "reasonable" remuneration to be paid and won't be allowed to dole out any bonus or success fees, Defence Minister Manohar Parrikar has said.

Drawing a distinction between agents and middlemen, he said the government will not leave room for any "hanky-panky".

"Agents do not mean middlemen. There will be scope for a company to appoint an agent to represent it or to get over technical difficulties by paying him or her reasonable fees which will have to be mentioned upfront," Parrikar told PTI in an interview.

He said that the new Defence Procurement Procedure, which is in the final stages of completion, will clearly define the role of agents.

« Back to LIVE

TOP STORIES

When Great Khali Met The World's Shortest Woman

Jyoti Amage -- who is 2 feet 7 inches tall -- holds the index finger of The Great Khali, who is 7 feet, 1 inch tall.

Kiara Gets Her Fashion Right At Cannes

Kiara exudes diva vibes in an ivory crepe back satin dress featuring a thigh-high slit.

'Maybe for the last time': Kohli drops major hint on Dhoni

Virat Kohli hinted that this might also be his final opportunity to play alongside the former India captain.

'Many people involved': Deve Gowda on Prajwal Revanna case

'There are several people connected to this (sexual abuse cases), I don't want to take anyone's names. Kumaraswamy has said that those who are involved in this matter, action should be taken against all of them, and the affected women...

Kejriwal's aide Bibhav Kumar arrested in Swati Maliwal 'assault' case

Kumar was picked up from the chief minister's residence by a Delhi Police team around noon, a senior police officer said.