NEW DELHI — India is reviewing its offset policy in defense procurement deals to remove all “ambiguities,” but there are no plans to do away with the clause. “The review is being done to take care of ambiguity in the current policy,” says Amit Cowshish, a defense finance official.
The government of India will talk to creditors and banks on behalf of cash-strapped Kingfisher Airlines, but the country is not putting together any type of rescue package for the struggling carrier.
NEW DELHI — India’s top defense and military research institute will soon develop an electromagnetic bomb, or “e-bomb,” to help strengthen the country’s defense, space and internal security system.