It is alleged that Rolls Royce Plc was involved in bribing tax officials and other officials to prevent an investigation by Indian authorities into its tax affairs and use of intermediaries in the deal, the FIR alleged.
Apart from Tata Consortium, the project will give a boost to aerospace ecosystem in India wherein several MSMEs spread over the country will be involved in manufacturing of parts of the aircraft.
India has brought back the Indian ambassador and all staff members from its embassy in Kabul in two military transport aircraft in the wake of escalating tension and deteriorating security situation in the Afghan capital after its takeover by the Taliban.
Under the provisions of this directive, the government will declare a list of trusted sources and trusted products for installation in the country's telecom network.
As the tensions have heightened, Modi is expected to assess the situation on the ground, sources said.
The operations took place on Wednesday night and is now over, Director General of Military Operations Lt General Ranbir Singh told media in New Delhi. He said he had also informed his Pakistani counterpart that India had carried out surgical strikes on Wednesday night.
About 16 months after Prime Minister Narendra Modi announced a deal to buy 36 Rafale fighter aircraft, the Cabinet Committee on Security may take up the Rafale fighter deal on Monday, reports CNBC-TV18‘s Rituparna Bhuyan.
As per the earlier FDI policy in the defence sector, foreign investment up to 49 percent was permitted under government approval route.
According to the sources, the deal is expected to cost around Rs 1,900 crore ($3 billion) to the exchequer.
Cabinet, Cabinet Committee on Economic Affairs, Cabinet Committee on Investment and Cabinet Committee on Security will meet today evening. Report suggested that the CCEA may clear divestment of government‘s 5 percent stake in ONGC (up 1.65 percent) via offer for sale (OFS) and may approve coal supply linkages to power plants.
The Prime Minister is expected to hold discussions on combating terrorism, disarmament, UN reforms and development and is also likely to meet his Pakistani counterpart Nawaz Sharif on the sidelines of the summit.
Arun Jaitely said the every member of the finance committee, which is headed by BJP's Yashwant Sinha, is opposed to raising foreign investment cap in insurance to 49 percent from the current 26 percent.
Earlier, the government had relaxed the FDI cap in defence from the current 26 percent but only on a case-to-case basis. After the FIPB nod the proposal will need the consent of the Cabinet Committee on Security. The defence ministry is agreeable to FIPB's initial vetting.
Industry bodies said that FDI norms show that reforms were underway to boost economic growth and will bring in fresh investments to the country.
FDI cap in defence sector was retained at 26 percent. Proposals beyond that will be considered by the Cabinet Committee on Security (CCS) on a case to case basis and the FDI limit on those would be decided accordingly, the government said.
The over USD 3 billion deal with France for upgrading the Mirage 2000 aircraft of the Indian Air Force (IAF) is expected to be considered by the Cabinet Committee on Security (CCS) at its next meeting.
Come January 2013, National Intelligence Grid (NATGRID) will become operational and facilitate robust information sharing among law enforcement agencies to combat terror threat at home and abroad.
The US, which was unhappy after failing in the bid for the 126 combat planes, on Tuesday welcomed India's decision to acquire ten Boeing C-17 Globemaster III aircraft for the Indian Air Force (IAF).
A former ISRO chief today said there has been 'no fiasco' on the S-band spectrum deal between the space agency's commercial arm Antrix Corporation and a private company and accused the media of communicating the issue to the public without properly analysing it.