Rajnath Singh Approved The Expansion Of Financial Powers

Rajnath Singh approved the expansion of financial powers in Defense Forces.

Another big step in the direction of defense reforms, Deputy Chief of Armies will be able to buy up to 500 crores

Defense Minister Rajnath Singh on Tuesday approved the expansion of financial powers of the armed forces for revenue procurement so that there is no delay in procurement for operational preparedness and requirements can be met quickly.

The Defense Ministry said that the financial powers of the Deputy Chiefs of Defense Services have been increased to 10 percent subject to an aggregate ceiling of Rs 500 crore.

Introduced a new program for the rental of aircraft and related equipment.

The ministry said the primary objective of augmenting financial powers is to empower field commanders and other officers to rapidly procure equipment and ‘war-like stores’ to meet urgent operational requirements and other essential items.

A new program for hiring aircraft and related equipment for the Indian Air Force has also been introduced.

Defense Minister approves increase in financial powers.

Rajnath Singh termed the decision to expand financial powers as another big step in the direction of defense reforms.

The ministry said the expansion of financial powers of officers in service headquarters and subordinate offices will help in ensuring faster decision-making at all levels as well as better planning and operational preparedness.

The Defense Minister tweeted, ‘Another big step towards defense reforms to strengthen the security infrastructure.

Financial powers have been delegated to field formations with a focus on operational preparedness, ease of procurement, and promoting cohesion among services.

The last time such an increase was done for defense services at all levels was in the year 2016.

‘Lack of cooperation between military and civilian installations in space’.

Vice Chief of Air Staff Air Marshal Vivek Ram Choudhary on Tuesday said the lack of a framework for cooperation between military and civilian establishments is preventing the country from innovating and producing next-generation space technology on a large scale.

In a FICCI event, Air Marshal Choudhary said that the current Indian space system is mostly civilian, which works around the Space Commission and its constituent Department of Space.