India hikes financial powers of service headquarters three-fold to hasten procurements

Monday, May 28, 2012
New Delhi: To accelerate the process of procurement for the Armed Forces, the India Defence Minister  AK Antony today gave his ‘in principle’ approval to a three-fold hike in the delegation of financial powers to Service Headquarters – from the current Rs.50 crores to Rs.150 crores.

The decision was taken at a meeting here Antony had with the three Service Chiefs – Admiral NirmalVerma, General VK Singh, Air Chief Marshal NAK Browne and the Defence Secretary  Shashikant Sharma. A detailed review of the security situation was also made at the meeting.

Antony directed the three Service Chiefs to explore more avenues for giving permanent commission to women in the Armed Forces.

Antony also had a one-on-one meeting with the Chief of Army Staff General Singh this morning. The meeting lasted 15 minutes. 
Next Post »