Amid the ongoing border dispute with China, the three defence forces have been given financial powers up to Rs 500 crore per project for the acquisition of critical ammunition and weapons which would be required in case an all-out or limited conflict breaks out.
“The Vice Chiefs of the three services have been given the financial powers up to Rs 500 crore per project to acquire the required weapon systems under fast track procedures needed to fill whatever shortcomings or requirement is felt,” a senior government official told ANI.Read More…
