BJP leader and former Finance Minister Yashwant Sinha has written to Defence Minister A K Antony, raising a number of questions over the "conceptual shift" in the defence procurement policy.
Sinha has expressed apprehensions about misuse of the new clause close on the heels of a major scam that unfolded in the Defence Ministry's VVIP helicopter deal with Anglo-Italian company AgustaWestland.
He has underlined that in the absence of an enforceable obligation, the 'life cycle cost' (LCC) could be rendered a "dead letter".
The former External Affairs Minister has suggested that the apprehensions about the clause being misused can be addressed by binding the vendors by "enforceable contract" to ensure its contractual obligations.
Referring to the MMRCA, he has said that two of the seven "elements" laid down in defence procurement policy in June 2007 were omitted in its case.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
