28 April 2018

DAC Approves Capital Acquisition Proposals of Over Rs3,687 crore

DAC Approves Capital Acquisition Proposals of Over Rs3,687 crore


The Defence Acquisition Council (DAC) approved the capital acquisition proposals of over 3,687 crore rupees. The decision was taken in the meeting council, chaired by Defence Minister Nirmala Sitharaman in New Delhi.

In a boost to indigenisation and in the realisation of India’s growing technological prowess, the DAC approved procurement of DRDO’s designed and developed NAG Missile System at the cost of 524 crore rupees. The system includes a third generation Anti-Tank Guided Missile- NAG, along with the Missile Carrier Vehicle. The DAC also approved procurement of thirteen 127 mm calibre guns for the Navy.

Source- The Economic Times

Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • Admiral Sunil Lanba is the present chief of Naval Staff of Indian Navy.
  • General Bipin Rawat is the present chief of Army Staff of Indian Army.
  • Air Chief Marshal Birender Singh Dhanoa is the present chief of Air staff of Indian Airforce.

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