Defence Ministry enhances financial powers of Vice Chiefs of three Services

Union Defence Ministry has enhanced financial powers of three vice chiefs of the armed forces from Rs 100 crore to Rs 500 crore i.e. five times. This comes after vice chiefs were granted additional powers to carry out specific procurement to ensure operational preparedness in March 2018.

Key Facts

The decision to enhance financial powers of three vice chiefs of the armed forces was taken to give fillip to procurement of arms and ammunition and upgrade of defence preparedness. With new delegation, Vice Chiefs will be now able to exercise financial powers upto five times more than existing powers with enhanced ceiling.

Month: Current Affairs - November, 2018