Categories: Defence

Defence Ministry entrusts capital procurement powers to Armed Forces

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.

Boost your Banking Awareness Knowledge with Adda247 Live Batch: TARGET GA BATCH | Banking Awareness Batch for SBI, RRB, RBI and IBPS Exams

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.

Find More News Related to Defence

Recent Posts

December 25th Current Affairs Challenge

Exams such as SSC, Banking, Railways, and state-level tests offer paths to prestigious positions in…

4 hours ago

What is the Old Name of Mysore?

Mysore, a city in the southern state of Karnataka, India, is famous for its rich…

17 hours ago

India Squad For Champions Trophy 2025

The upcoming Champions Trophy 2025 marks the ninth edition of the ICC Champions Trophy, featuring…

18 hours ago

ICC Champions Trophy Schedule 2025 Announced- India vs Pakistan

The 2025 ICC Champions Trophy is set to mark the ninth edition of this prestigious…

18 hours ago

Who is Known as the Father of Indian Nuclear Program?

India's nuclear program focuses on using nuclear energy for peaceful purposes, like producing electricity and…

18 hours ago

What is the Other Name of Sambhal District of Uttar Pradesh?

Uttar Pradesh, located in northern India, is the country's most populous state. Known for its…

19 hours ago