Saturday, 30 July 2016

Suspence again has MoD takes U-turn on cancellation of Black Shark torpedo contract

SOURCE: PTI The Ministry of Defence has put on hold plans to scrap its acquisition of 98 Black Shark heavyweight torpedoes from a subsidiary of tainted Italian firm Finmeccannica. Sources told  that the decision to stall the scrapping of the Rs 1,800-crore torpedo deal was taken this month. Defence minister Manohar Parrikar is believed to have […]

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