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Centre gives Military officers 'financial powers' up to 200cr to tackle procedural delays

Last Updated:
Centre Gives Military Officers financial Powers Up To 200cr To Tackle Procedural Delays
Union Cabinet approved financial powers to clear projects worth Rs 200 crore to the senior military officers for capital procurement projects, on Wednesday.
On Wednesday, Union Cabinet approved financial powers to clear projects worth Rs 200 crore to the senior military officers for capital procurement projects, officials said. The deputy chiefs and command heads of the armed forces are the officers granted this enhanced financial aid. The enhanced powers come in the aspect of challenges faced by the defence forces along with China and Pakistan at the border. ....

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Parliamentary Committee discusses budgetary allocation to Defence Ministry

Parliamentary Committee discusses budgetary allocation to Defence Ministry
By
IANS
|
Published on
Wed, Feb 17 2021 15:12 IST
|
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Budget proposals positive for insurance sector: Fitch Ratings. Image Source: IANS News
New Delhi, Feb 17 : A Parliamentary Standing Committee on Wednesday analysed budgetary allocation and expenditure of Ministry of Defence, which has been allocated Rs 4,78,196 crore in the Budget 2021-2022.
Expenditure on salaries of armed forces and civilians, modernisation of armed forces, production establishments, maintenance, and research and development organisations were the major issues of the meeting.
The 31-member Committee that includes 21 parliamentarians from the Lok Sabha and 10 from the Rajya Sabha also discussed issues of large pension expenditure, lower capital outlay, and high import dependence for defence procurement. ....

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Cabinet approves enhanced delegation of financial power to levels below vice-chief of Armed Forces

Cabinet approves enhanced delegation of financial power to levels below vice-chief of Armed Forces
ANI |
Updated: Feb 17, 2021 23:16 IST
New Delhi [India], February 17 (ANI): The Union Cabinet on Wednesday approved enhanced delegation of financial powers to the tune of up to Rs 200 crore under capital procurement to levels below vice-chief of Armed Forces.
According to the approval, under Other Capital Procurement Procedure (OCPP) of Defence Acquisition Procedure-2020, financial powers up to Rs 100 crore has been delegated to General Officer Commanding-in-Chief in the army, Flag Officer Commanding-in-Chief in the navy, Air Officer Commanding-in-Chief in air force at Services Command and regional commanders of Indian Coast Guard (ICG), said an official release of Ministry of Defence. ....

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Centre gives financial powers to clear projects up to Rs 200 crore to deputy chiefs, command heads of armed forces

The financial powers have been approved for projects under the 'Other Capital Procurement Procedure' category, they said. Financial powers to clear projects worth up to Rs 200 crore have been delegated to Deputy Chief of Army Staff, Air Officer Maintenance and Deputy Chief of Integrated Defence Staff as well as to additional director general of Indian Coast Guard. ....

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