Army's financial powers enhanced to speed up weapons procurement
3 years, 10 months ago

Army's financial powers enhanced to speed up weapons procurement

Business Standard  

Army's financial powers enhanced to speed up weapons procurement On November 8, 2018, the financial powers of the vice chiefs of the three services were enhanced five-fold for revenue procurement, with an enhanced ceiling of Rs 500 crore Premium This is part of an ongoing trend that places greater onus on the military for low-value capital and revenue procurements Ajai Shukla New Delhi Continuing the trend of enhancing the military’s financial powers for buying weapons and equipment, the Union Cabinet on Wednesday enhanced the financial powers of officers at the level of theatre commanders and Deputy Chief of Army Staff. “According to the approval… financial powers up to Rs 100 crore has been delegated to General Officer Commanding-in-Chief, Flag Officer Commanding-in-Chief, Air Officer Commanding-in-Chief,” a defence ministry release stated. Further, financial powers up to Rs 200 crore have been delegated to Deputy Chief of Army Staff/ MGS, COM, AOM (Air Officer

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For Third Time, Defence Ministry Extends Emergency Powers Granted to Army, Navy, IAF to Buy Ammunition
3 years, 1 month ago

For Third Time, Defence Ministry Extends Emergency Powers Granted to Army, Navy, IAF to Buy Ammunition

News 18  

The Defence Ministry has once again extended the emergency powers accorded to the Army, Navy, Air Force and the Integrated Defence Staff for urgent revenue procurements and works amid continuing tensions with China along the Line of Actual Control in eastern Ladakh, even as the ministry emphasised strengthening the existing rules of procurement, News18.com has learnt. As per top defence …

Defence Ministry approves acquisition of arms, military equipment worth Rs 7,965 crore
3 years, 1 month ago

Defence Ministry approves acquisition of arms, military equipment worth Rs 7,965 crore

India TV News  

The Defence Ministry on Tuesday approved the procurement of arms and military equipment worth Rs 7,965-crore, including 12 light utility helicopters from Hindustan Aeronautics Limited, according to an official statement. Besides clearing the proposal to buy 12 helicopters, the DAC approved the procurement of Lynx U2 naval gunfire control system from Bharat Electronics Limited that will enhance the tracking and …

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