Defence Ministry enhances financial powers to Vice Chiefs of three Services

The Defence Ministry has enhanced financial powers to Vice Chiefs of the three Services.

The move is aimed at expediting the decision-making process involved in the procurements for the Armed Forces.

With this, the Vice Chiefs will be able to exercise financial powers up to five times more than the existing powers with an enhanced ceiling of 500 crore rupees.

Defence Ministry in a statement said, this is expected to give another fillip to the capacity of the three Armed Forces.

The decision has been taken to augment the arms and ammunition reserves of the Armed Forces to enhance their operational preparedness.

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