MoD Clears Guidelines For The Much Awaited Blacklisting Policy, Details To Be Announced Shortly

IN AIR FORCEIn Air Force, Army, Buzzing Stories, Defence, Editor's Pick, Excl/Intrws, Industry News, Internal security, Latest, Navy, News Updates, old-Must read, Photoslider, Policy and Govt, Top News, Window to MoD On
- Updated

MoD Clears Guidelines For The Much Awaited Blacklisting Policy, Details To Be Announced Shortly

The ministry of defence (MoD) has cleared the much awaited blacklisting policy entailing guidelines for suspension or banning of entities indulging in corrupt acts.

The new blacklisting policy will also do away with the blanket bans on companies and will spell out specific guidelines for imposing a ban on companies involved in misdoings. Sources indicated that any such ban imposed will be product and company specific without a cascading effect on the subsidiary companies.

For instance, if such a guideline is spelled out under the policy, this would mean doing away with the blanket ban in cases of companies like the Finmeccanica group.

Parrikar said last month that while “criminal activities” like receiving kickbacks should “normally” be punished with a ban, the decisions will be based on requirement of “national security”. 

While officials said the new guidelines of the policy will be uploaded shortly on the website of the MoD, it is learnt that the policy will officially allow middlemen and will define the meaning of “Agents”.

Also Read: Defence Ministry’s Blacklisting Policy to be Prospective and Not Retrospective In Nature

Defence Ministry’s New Blacklisting Policy To Be Prospective and Not Retrospective In Nature: Sources

You may also read!

FIA Asks Government Not To Allow Additional Flights By UAE Carriers

The Federation of Indian Airlines (FIA) has opposed a plan by the civil aviation ministry to allow Dubai-based carriers


Air India Disinvestment: GoM Holds First Meeting

A Group of Ministers (GoM) appointed by the Union Cabinet to look into disinvestment of Air India held its


China Under Pressure As Trump Gives US Navy More Freedom In South China Sea

US President Donald Trump approved a plan giving the country's navy greater freedom in operating in the South China


Leave a reply:

Your email address will not be published.

Mobile Sliding Menu