In an effort to ensure faster procurement of specific procurements that are needed for operational preparedness, the Ministry of Defence has increased the financial powers of the Vice Chiefs of the Army, Navy and the Air Force by five times. Sources confirmed to FE Online, that “There has been increase in the financial powers for the Vice Chiefs from the existing Rs 100 crore to Rs 500 crore now.”
The financial enhancement has been approved of the three chiefs to make certain categories of procurement, as this ensure that the armed forces are able ensure a high degree of serviceability of the in-service equipment, procurement of stores including ammunition. Earlier this year, the defence minister Nirmala Sithraman had approved “substantial’’ an enhancement of the financial powers of the three chiefs.
According to sources, it was raised upto Rs 100 crore in the segment of revenue procurement. The ministry said the enhancement of powers of the vice chiefs is for cases under ‘Single Tender Enquiry’ (STE) and the Proprietary Article Certificate (PAC) categories Read More