India cancels scandal-hit AgustaWestland chopper deal - source
NEW DELHI Jan 1 (Reuters) - India has cancelled a $770 million helicopter deal with British-Italian company AgustaWestland after accusations it bribed officials, a top defence ministry official told Reuters on Wednesday.
Defence Minister A.K. Anthony has said he did not believe AgustaWestland's denial that it paid bribes to swing the deal for the purchase of 12 helicopters for top politicians.
AgustaWestland, a division of Italian defence group Finmeccanica, denies any wrongdoing. A spokesman for India's defence ministry was not immediately available for comment. (Reporting by Nigam Prusty; Editing by Louise Ireland)
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DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.