• search
For Quick Alerts
For Daily Alerts

Big boost: Financial powers of Army vice chiefs enhanced 5 times


New Delhi, Nov 9: The Defence Ministry has increased the financial powers of the Vice Chiefs of the three services for buying essential items that range from ammunition to fuel.

Big boost: Financial powers of Army vice chiefs enhanced 5 times

"With the new delegation, the Vice Chiefs will be able to exercise financial powers up to five times more than the existing powers with an enhanced ceiling of Rs 500 crores. This is likely to give another fillip to the capacity of the three Armed Forces," the defence ministry said in a statement.

The revenue procurement of the armed forces are meant to buy day-to-day items required to run the Army, Air Force and Navy.

The delegation of greater financial power to the Vice Chief would expedite the procurement of such items and enhance the operational preparedness of the three services, the ministry also said.

Aimed at augmenting availability of arms & ammunition with Armed Forces & to enhance their OP preparedness, MoD enhances Financial Powers of Vice Chiefs of Tri-Services by upto 5 times to Rs. 500 crore," the ministry also said.

For Daily Alerts
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more