Indian Army To Procure Air Defence Systems, Spike-LR Anti-Tank Missiles Via Newly Granted Financial Power

In a rare instance, the Defence Ministry has empowered the three armed forces with emergency financial powers under which they can freely procure equipment worth up to Rs 300 crore on a priority basis, reports The Hindu.

This decision, which was taken earlier in the month comes in the aftermath of the Pulwama suicide bombing attack and heightened tensions between India and Pakistan resulting in Balakot airstrikes and unending ceasefire violations from across the border.

Under the newly granted powers, the Indian Army will now procure Spike-LR Anti-Tank Missiles from Israel and Igla-S Very Short Range Air Defence Systems (VSHORAD) from Russia. Read More

You may also read!

Enhanced concern at int’l-level about terrorism from Pak after India raises issue: Govt

There is enhanced concern in the international community about terrorism emanating from Pakistan after India's consistent raising of the


PM In Japan For G20 Summit, All Eyes On Talks With Trump Tomorrow: 10 Points

Prime Minister Narendra Modi landed in Japan early this morning for the G20 summit on the sidelines of which


SpiceJet got a majority of airport slots vacated by Jet Airways in March-June

Low-fare airline SpiceJet Ltd bagged the maximum number of airport slots vacated by Jet Airways (India) Ltd after its


Leave a reply:

Mobile Sliding Menu