Defence Acquisition Council (DAC) has entrusted capital procurement powers to Armed Forces. The decision was taken during the Special Meeting of the Defence Acquisition Council held under the chairmanship of Raksha Mantri Rajnath Singh. With this, the Armed Forces will now be able to progress urgent Capital Acquisition Cases upto Rs 300 crores to fulfil their emergent operational requirements.
The new powers to the Armed Forces will decrease the procurement timelines. It will ensure the placement of orders within six months and the delivery within one year. The decision has been taken after considering the security environment caused by prevailing situation along the Northern Borders.
Goa is a small state on the western coast of India, famous for its beaches,…
Every year, people around the world search for words that show what interests them the…
The Hurun Rich List 2025 has once again highlighted India’s dynamic startup and business ecosystem.…
India’s innovation ecosystem has received global recognition as an Indian satellite internet concept emerged as…
India’s fiscal position showed resilience in the current financial year as net direct tax collections…
Recently, the Union Minister informed the Rajya Sabha about the progress and impact of the…