14 February 2018

DAC Approves Proposals Worth Rs. 15,935 crore

DAC Approves Proposals Worth Rs. 15,935 crore

The defence ministry of India approved capital acquisition proposals worth Rs.15,935 crore which included the purchase of 7.40 lakh assault rifles, 5,719 sniper rifles and light machine guns to bolster the strength of the armed forces.

The long-pending proposals were cleared at a meeting of the Defence Acquisition Council (DAC), the defence ministry's highest decision-making body on procurement. The meeting was chaired by Defence Minister Nirmala Sitharaman. For the Indian Navy, the DAC also approved the procurement of Advanced Torpedo Decoy Systems  (ATDS) at a cost of Rs. 850 crore.

Static/Current Takeaways Important for Syndicate Bank PO 2018 Exam-
  • Baldev Singh was the first defence minister of Independent India.
Source- DD News

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