Armed forces awarded special powers for purchases up to ₹300 crore -

New Delhi: A crucial decision was taken in the meeting of the Defence Acquisition Council (DAC) to fast track the purchase of defence equipment essential for the Army, Airforce and Navy. As per the decision, the defence forces will be able to purchase defence equipment up to the value of ₹3 billion under special rights awarded to them. There will be no need for government sanction for these purchases. This will expedite the defence purchases.

India is taking a spate of decisions to increase the level of defence preparedness following the conflict between the Indian and Chinese soldiers in the Galwan Valley. Purchase of defence equipment required by the defence forces has been completed. To expedite these purchases further, the decision to enhance the special financial rights awarded to the defence forces was taken during the DAC meeting presided over by Defence Minister Raj Nath Singh.

All the three defence forces can directly purchase defence equipment up to ₹3 billion. There are no limitations in this process. The only rule is that emergency purchases should not exceed ₹3 billion. Therefore, the defence forces will not have to wait for a government sanction for purchases up to ₹3 billion. The defence forces can acquire this equipment faster and start utilising them.