Devas deal scrapped

The government on Thursday moved swiftly to scrap the hugely controversial S-band spectrum deal, one of the many scandals haunting the UPA government that has cast its dark shadow directly on the PMO. The Cabinet Committee on Security (CCS), at a meeting chaired by PM Manmohan Singh, decided to annul the January 2005 contract inked between the Indian Space Research Organisation’s (Isro) commercial arm Antrix and private firm Devas Multimedia on Thursday. Dubbing it a “mistake” by Isro that the government had “corrected” by “taking a drastic step”, defence minister A K Antony said it was “unfortunate” that the defence establishment “was not consulted” when the deal was being finalized.

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