Expressing concern over long delays in defence procurement, Parrikar promised a raft of measures to ensure transparency and at the same time speeding up such purchases to modernise the armed forces.
The Defence Minister said blacklisting of defence suppliers to deal with graft was not the only solution and indicated going for stiff penalties instead against erring firms found involved in corrupt practices like kickbacks.
"We should be in a position to have a very clear cut policy by January on representatives and on blacklisting. What does blacklisting mean. How far we can take it forward," Parrikar said.
India's military procurements have been dogged by long delays and allegations of graft and many defence experts had suggested legalising "agents" for speedy purchase of military hardware.
The former Goa Chief Minister, who assumed charge of Defence Ministry a month ago, said having "representative" with a very clear method of payment and fees was a better solution to the defence forces than delaying the procurement procedures.
"There should be a very clear agreement deposited with the Defence Ministry in advance. Very heavy penalty (should be imposed) if you violate that," he said while addressing Aaj Tak Agenda programme.
'One Rank, One Pension' has been a long-standing demand of the over two million ex-servicemen of India. It seeks to ensure that a uniform pension is paid to the defence personnel retiring at the same rank with the same length of service, irrespective of their date of retirement.
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