ANTRIX DEVAS DEAL PDF

The deal between Antrix and Devas was signed in when G Madhavan Nair was at the helm of affairs in the Department of Space (DoS). Former ISRO chairperson Madhavan Nair took advantage of the many positions of power he held to push deal through, says Comptroller and Auditor General. New Delhi: A Delhi court on Saturday granted bail to former Isro chairperson G. Madhavan Nair in the Antrix-Devas case that had caused a loss.

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Views Read Edit View history. A Delhi court has issued summons to a former director of Devas Multimedia Pvt. To see your saved stories, click on link hightlighted in bold. Bandersnatch review — Netflix’s interactive episode will make you question the concept of choice Noticing and note-taking with Shubhangi Singh in the rearview mirror: ISRO refuses to share details on Nair’s complaint. Summons be issued to accused Chandrasekhar,” the court said, seeking his presence by April The report says that the Antrix-Devas deal was tainted right from the word go.

International Business World News. Eminent scientist Roddam Narasimha, the senior-most member of the Space Commission, has resigned to protest the blacklisting of former chairman of the Indian Space Research Organisation, G Madhavan Nair and three others in connection with the Antrix-Devas spectrum deal, a senior official of the Indian space agency said on Friday. Retrieved 25 April Retrieved 16 May We are a voice to you; you have been a support to us.

The court, meanwhile, took a strict view over the non-appearance of accused Veena S. Former Isro chairperson G. Official Website Facebook Twitter. G Madhavan Nair given adequate chance to explain Antrix-Devas case: The Times of India. Court summons Devas Multimedia ex-director. List of foreign satellites launched by India.

The government’s auditor finds Mr Nair guilty of “conflict of interest” and says that he failed to consult with ministries who w Today’s verdict from the International Tribunal at the Hague could further the perception of India as an unreliable recipient of foreign investment, one who is prone to abrupt policy changes. Pro-democracy icon turned iron lady, Awami League leader oversaw 10 years of economic growth.

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The ED has accused Devas Multimedia, its subsidiaries and its senior officials, and Sridhara Murthi, the former MD of Antrix, of facilitating the siphoning of a part of Rs crore foreign investment. Top space scientist resigns India News Indo-Asian News Service Friday February 24, Eminent scientist Roddam Narasimha, the senior-most member of the Space Commission, has resigned to protest the blacklisting of former chairman of the Indian Space Research Organisation, G Madhavan Nair and three others in connection with the Antrix-Devas spectrum deal, a senior official of the Indian space agency said on Friday.

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Fill in your details: However, except three accused, the court granted bail to the rest who appeared before it, including A. Caught in the cycle of debt and death, India’s farmers drove home the severity of the agrarian crisis in West Indies beat Bangladesh by 50 runs.

The charges were dropped afterwards as the accusation turned atnrix to be false. A Delhi court on Saturday granted bail to former Isro chairperson G. From Wikipedia, the free encyclopedia. Nair is disparaged for taking advantage of his multiple roles. South Africa beat Pakistan by 6 wickets. Related Topics National space programme.

Antric rich Asian Games medal haul to cricket team’s success in Australia, a defining year for India. The accused appeared before the court in pursuance to summons issued against them in September.

Antrix-Devas deal case: Former Isro chief G. Madhavan Nair granted bail – Livemint

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The government established two panels to probe the matter. Retrieved from ” https: The aim of the project was to provide broadband wireless services to the remote areas of India. In the earlier decision inthe International Chamber antdix Commerce ICC tribunal found unanimously that Antrix’s repudiation of the contract was unlawful, and awarded Devas damages and pre-award interest of approximately million US abtrix, plus post-award annual interest accruing at 18 percent until the award is paid in full.

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Antrix-Devas deal: ED files charges against former MD of ISRO wing, five others

The CBI accused them of hatching a criminal conspiracy with an intent to cause undue gains to themselves or others by abusing their official positions and causing loss to Antrix Corporation and ISRO.

The scandal first came to light when inThe Hindu reported that there were some irregularities in the agreement between Antrix and Devas. Crude oil prices to direct sugar prices in Eminent scientist Roddam Narasimha, the senior-most member of the Space Commission, who resigned yesterday to protest the blacklisting of former chairman of the Indian Space Research Organisation ISRO G Madhavan Nair and three others in connection with the Antrix-Devas spectrum deal, has said that there may have been procedural lapses but barring You can further help us by making a donation.

Get instant notifications from Economic Times Allow Not now. The case relates to leasing of S-Band, a restricted wavelength of the INSAT satellites to deliver video, multimedia and information services to mobile receivers in vehicles and mobile phones to Devas Multimedia by Antrix. The New Indian Express. The Hague-based tribunal, which regularly takes cases involving states, including investment treaty claims brought under arbitration rules of the United Nations Commission on International Trade Law UNCITRALalso found that India breached its treaty commitments to accord fair and equitable treatment to Devas’s foreign investors.

Nair misled nation, says PM’s Office Feb 6, The case relates to leasing of S-Band, a restricted wavelength of the INSAT satellites to deliver video, multimedia and information services to mobile receivers in vehicles and mobile phones to Devas Multimedia by Antrix.

Nair writes to PM’s office, demands fresh probe into Antrix-Devas deal. CBI had on August 11 last year filed a chargesheet against the accused, alleging that they had caused a loss of Rs crore to the exchequer by abusing their official qntrix to favour a private company.