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Tag: Department

Taiwan’s $2.2B missile, tank purchase approved by State Department

Taiwan’s $2.2B missile, tank purchase approved by State Department

Business
July 9 (UPI) -- The State Department has approved two contracts worth $ 2.2 billion for possible foreign military sales to Taiwan of Abrams tanks and Stinger missiles. The Defense Security Cooperation Agency on Monday notified Congress it approved a $ 2 billion deal for 108 M1A2T Abrams tanks and a $ 223.6 million deal for Man-Portable Air-Defense Stinger missiles, as well as related equipment and support, as negotiated by the Taipei Economic and Cultural Representative Office. The sales serve U.S. national, economic, and security interests, DSCA said, by supporting Taiwan's "continuing efforts to modernize its armed forces and to maintain a credible defensive capability." DSCA said the sales will improve the security and assist in "maintaining political stability, military balance and e...
I-T department to share details of assets, accounts of loan defaulters with banks: CBDT

I-T department to share details of assets, accounts of loan defaulters with banks: CBDT

Finance
Income tax authorities will share details of assets of borrowers and their guarantors with public sector banks in case of loan defaults. The move is aimed at preventing promoters from siphoning off assets that are not disclosed to banks and comes close on the heels of the income tax department and goods and services tax authorities deciding to share details about taxpayers and defaulters with each other. Decision to share details to banks comes in the backdrop of borrowers not disclosing complete assets to lenders to safeguard them being party of any recovery proceedings But, banks will also have to do their bit for the department. Banks will need to furnish no objection certificate from jurisdictional Commissioner of the loan defaulter before appropriation of the surplus amount recovered ...
State Department approves sale of 24 Apache helicopters to Qatar for $3B

State Department approves sale of 24 Apache helicopters to Qatar for $3B

Business
May 10 (UPI) -- The U.S. State Department has approved the sale of 24 Apache helicopters and spare parts to Qatar for $ 3 billion. The Defense Security Cooperation Agency delivered the required certification Thursday, notifying Congress of the possible foreign military sale. The contract also includes four spare engines, as well as night vision sensors, fire control radars, radio frequency interferometers, warning system, GPS with inertial navigation, Hellfire missiles and launchers and rockets, as well as guns, government and contractor engineering and technical and logistics support services. The proposed sale will support U.S. foreign policy and national security "by helping to improve the security of a friendly country that continues to be an important force for political and economic...
State Department approves $2.7B Patriot system sale to UAE

State Department approves $2.7B Patriot system sale to UAE

Business
May 6 (UPI) -- The U.S. State Department has approved a possible $ 2.78 billion contract with the United Arab Emirates for Patriot missiles. On Friday, the Defense Security Cooperation Agency delivered the required certification notifying Congress of the possible sale of Patriot Advanced Capability 3 Missiles Segment Enhanced and related equipment. Also included in the foreign military sale deal are tools and test equipment, support equipment, publications and technical documentation, personnel training and training equipment, spare and repair parts, facility design, U.S. Government and contractor technical, engineering, and logistics support services, and other related elements of logistics, sustainment and program support. "The proposed sale will enhance the UAE's capability to meet cu...