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Thursday October 23rd 2014

Government approves three-fold increase in financial powers of service headquarters

New Delhi : The government has approved a three-fold hike in the delegation of financial powers to Service Headquarters from the current 50 crore rupees to 150 crore rupees to accelerate the process of procurement for the Armed Forces.

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

Earlier, the Defence minister also had a one-on-one meeting with Army Chief General VK Singh this morning.

[PIB]

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