Former IAF chief admits he met middleman in copter deal

February 14, 2013

New Delhi, Feb 14: Former Indian Air Force chief S P Tyagi on Wednesday admitted meeting an Italian middleman who allegedly took money from Italian arms major Finmeccanica to secure a Rs 3,600-crore (€560 million) contract for purchasing 12 VVIP helicopters for the IAF's Communication Squadron.

Tyagi admitted meeting Italian middleman Carlo Gerosa at his cousin's place but went on to claim he had no further contacts with him.

“There is no denial of the fact that needle of suspicion is on me. I welcome the Central Bureau of Investigation probe, which will establish my innocence,” he said.deal

Tyagi went public with his comments hours after Italian prosecutors named three Indian brothers with family ties to the former IAF chief who reportedly took money to secure the VVIP helicopter contract for Agusta Westland, a subsidiary of Finmeccanica.

In their warrant, Italian prosecutors at north Italian town of Busto Arsizio named three Tyagi brothers—Julie, Docsa and Sandeep—for accepting money from two middlemen for swinging the Rs 3,600-crore deal in favour of Agusta Westland.

Quoting the Italian warrant, Reuters reports from Busto Arszio that Tyagi brothers received € 100,000 (about Rs 72 lakh) and two Italian middlemen Gerosa and Guido Haschke € 400,000 (about Rs 3 crore).

“I asked my brothers why were you named in the Italian probe. They said they had other business links with the company (Finmeccanica) but nothing in defence,” said Tyagi.

In October 2012, Agusta Westland claimed it never appointed, formally or informally, Guido Haschke as its agents and intermediaries in the VVIP programme and never paid any commission to him.

Tyagi said technical specifications for the aircraft—called air staff qualitative requirement (ASQR)— were frozen in 2003 before he took over. The flying height was brought down from 18,000 feet to 15,000 feet to avoid single vendor situation.

George Fernandes was the defence minister when the ASQR was fixed.

Since Fernandes was a regular visitor to Siachen—world's highest battlefield—it was initially thought the VVIP copter should be capable of flying up to Kumar Post which is at an elevation of 18,000 feet. But when the search for an appropriate product began at the Vice-Chief's office, it was realised only one company would make the cut.

Subsequently, the requirement was lowered to 15,000 feet, height of the Siachen base camp. When asked about the ASQR modification, S Krishnaswamy, who preceded Tyagi as the IAF chief, told Deccan Herald that he did not remember those figures and details.

The tender was issued in 2006, when Pranab Mukherjee was the defence minister. A defence ministry official said once the tender was issued, there was no deviation from the process.

In due course the project received approval from the Finance Ministry, where incidentally Mukherjee was minister when it received the approval. The contract was signed in 2010 after the approval of the Cabinet Committee on Security.

Chopper chaos

-Former IAF chief Tyagi says specifications fixed before his tenure; NDA’s George Fernandes was defence minister then

-Pranab Mukherjee was defence minister when tender was issued; gave approval when he was finance minister and endorsed by Cabinet Committee on Security

-Defence Minister A K Antony says deal can be cancelled at any time as the government will get back money; says no one involved will be spared

-Govt can take action on preliminary report by CBI, will decide on delivery of remaining nine choppers after report submission

- BJP senses “making of another Bofors scam”

-CPM?demands Supreme Court monitoring of CBI probe

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Agencies
January 15,2020

Mumbai, Jan 15: Michael Debabrata Patra took over as Deputy Governor of the Reserve Bank of India (RBI) on Wednesday.

He was an Executive Director of India's central bank before being elevated to the post of Deputy Governor.

An RBI release said that as Deputy Governor, Patra will look after Monetary Policy Department including Forecasting and Modelling Unit (MPD/MU), Financial Markets Operations Department (FMOD), Financial Markets Regulation Department.

He will also look after Market Intelligence (FMRD/MI), International Department (Intl. D), Department of Economic and Policy Research (DEPR), Department of Statistics and Information Management (including Data and Information Management Unit) (DSIM/DIMU), Corporate Strategy and Budget Department (CSBD) and Financial Stability Unit.

Patra, a career central banker since 1985, has worked in various positions in the Reserve Bank of India.

As Executive Director, he was a member of the Monetary Policy Committee (MPC) of RBI, which is invested with the responsibility of monetary policy decision making in India. He will continue to be an ex-officio member of the MPC as Deputy Governor.

Prior to this, he was Principal Adviser of the Monetary Policy Department, Reserve Bank of India between July 2012 and October 2014.

He has worked in the International Monetary Fund (IMF) as Senior Adviser to Executive Director (India) during December 2008 to June 2012, when he actively engaged in the work of the IMF's Executive Board through the period of the global financial crisis and the ongoing Euro area sovereign debt crisis.

The release said that his book "The Global Economic Crisis through an Indian Looking Glass" vividly captures this experience.

He has also published papers in the areas of inflation, monetary policy, international trade and finance, including exchange rates and the balance of payments.

A fellow of the Harvard University where he undertook post-doctoral research in the area of financial stability, he has a PhD in Economics from the Indian Institute of Technology, Mumbai.

He will hold the post for three years or until further orders. The post fell vacant after Viral Acharya resigned on July 23 last year.

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News Network
May 21,2020

New Delhi, May 21: As many as 5,609 new COVID-19 cases were reported in India in the last 24 hours, taking the total number of cases in the country to 1,12,359 according to the Union Ministry of Health and Family Welfare.

Out of the total cases, 63,624 are active cases, 45,300 patients have been cured/discharged or have migrated and 3,435 deaths have been reported.

With 39,297 cases in total, Maharashtra remains the worst affected state in the country, followed by Tamil Nadu (13,191 cases), Gujarat (12,537 cases), and Delhi (11,088 cases).

The nationwide lockdown imposed as a precautionary measure to contain the spread of coronavirus has been extended till May 31.

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News Network
April 24,2020

New Delhi, Apr 24: The death toll due to the novel coronavirus rose to 723 with 37 fatalities reported since Thursday evening, while the number of cases saw a record jump of 1,752 to go up to 23,452 cases on Friday, according to the Union health ministry.

The previous highest single day increase was on April 20 when 1,540 cases were reported.

The number of active COVID-19 cases stood at 17,915 as 4,813 people were cured and discharged, and one patient migrated, the ministry said.

Thus, about 20.52 per cent of the cases have recovered so far, an official of the ministry said. 

The Indian Council of Medical Research (ICMR) said that 23,502 samples have been confirmed positive as on April 24 at 9 am.

The health ministry's figure of 23,452 cases include 77 foreign nationals.

A total of 37 deaths were reported since Thursday evening of which 14 fatalities were reported from Maharashtra, nine from Gujarat, three from Uttar Pradesh, two each from Andhra Pradesh, Delhi, Madhya Pradesh, Tamil Nadu and Telangana and one from Karnataka, the ministry's data stated.

Of the 723 deaths, Maharashtra tops the tally with 283 fatalities, followed by Gujarat at 112, Madhya Pradesh at 83, Delhi at 50, Andhra Pradesh at 29, Rajasthan at 27 and Telengana at 26.

The death toll reached 24 in Uttar Pradesh, 20 in Tamil Nadu while Karantaka has reported 18 deaths.

Punjab has registered 16 deaths while West Bengal has reported 15 fatalities.

The disease has claimed five lives in Jammu and Kashmir, while Kerala, Jharkhand and Haryana have recorded three COVID-19 deaths each.

Bihar has reported two deaths, while Meghalaya, Himachal Pradesh, Odisha and Assam have reported one fatality each, according to the ministry data.

However, a news agency tally of the figures reported by various states as on Friday showed 23,577 cases and 743 deaths in the country.

There has been a lag in the Union health ministry figures, compared to the number of deaths announced by different states, which officials attribute to procedural delays in assigning the cases to individual states.

According to the ministry's data updated in the evening, the highest number of confirmed cases in the country are from Maharashtra at 6,430 followed by Gujarat at 2,624, Delhi at 2,376, Rajasthan at 1,964, Madhya Pradesh at 1,852 and Tamil Nadu at 1,683.

The number of COVID-19 cases has gone up to 1,604 in Uttar Pradesh, 984  in Telangana and 955 in Andhra Pradesh. The number of cases has risen to 514 in West Bengal, 448 in Kerala, 463 in Karnataka, 427 in Jammu and Kashmir,  277 in Punjab and 272 in Haryana.

Bihar has reported 176 coronavirus cases, while Odisha has 90 cases. Fifty-five people have been infected with the virus in Jharkhand and 47 in Uttarakhand. Himachal Pradesh has 40 cases, Chhattisgarh and Assam have registered 36 infections each so far.

Chandigarh has 27 COVID-19 cases, Andaman and Nicobar Islands 22 while  18 cases have been reported from Ladakh.

Meghalaya has reported 12 cases, and Goa and Puducherry have seven COVID-19 cases each.

Manipur and Tripura have two cases each, while Mizoram and Arunachal Pradesh have reported a case each.

"Our figures are being reconciled with the ICMR," the ministry said on its website.

States wise distribution is subject to further verification and reconciliation, it said.

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