DAC Approves Procurement for Services Amounting To Rs46,000 Crores

The Defence Acquisition Council (DAC), chaired by Defence Minister Smt Nirmala Sitharaman accorded approval for procurement for the Services amounting to approximately Rs. 46,000 crores. 
The DAC in a landmark decision approved procurement of 111 Utility Helicopters for the Indian Navy at a cost of over Rs. 21,000 crores. This is the first project under the MoD’s prestigious Strategic Partnership (SP) Model that aims at providing the significant fillip to the Government’s ‘Make in India’ programme. 
Source- Press Information Bureau (PIB)
Static/Current Takeaways Important for Indian Bank PO Exam 2018- 
  • General Bipin is the present Chief of Army Staff. 
  • Admiral Sunil Lanba is the Present chief of Naval Staff. 
  • Air Chief Marshal DS Dhanoa is the present chief of Airforce Staff.