HINDU NOTES-OCTOBER 6 2018 [UPSC IAS Current affairs]
Hindu Notes from General Studies-02 Editorials are covered separately. HINDU NOTES are available free date wise| CLICK HERE India leaves out offset clause for S-400 News The ₹40,300-crore deal between India and Russia for five S-400 air defence missile systems does not have any offset clause. India has decided to drop it so as to advance deliveries, though it was Russia that initially did not want offsets. Beyond News As per the schedule, Russia will start deliveries after 24 months, which is 2020-end. Contract negotiations started after an inter-governmental agreement was concluded in October 2016. Under the defence procurement procedure, deals worth ₹2,000 crore or more have a 30% offset clause. This is meant to bring technologies to the country and build domestic defence manufacturing capabilities. As a result, manufacturers add the cost…

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