Amid the ongoing border dispute with China, the three defence forces have been given financial powers upto 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 upto 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.
The requirement of granting this power again to the forces was felt by the government after the Chinese aggression in Eastern Ladakh and the way they have deployed their troops in large numbers there along the Line of Actual Control (LAC).
ALSO READ: Additional 2,000 ITBP troops may be sent to Sino-India border amid standoff
Similar financial powers were given to the armed forces after the Uri attack and the Balakot aerial strikes against Pakistan.
The Air Force had emerged as the biggest beneficiary of the powers granted by the government after the Balakot airstrikes as they procured large number of equipment including the Spice-2000 air to the ground standoff missiles, Strum Ataka air to ground missiles along with multiple spares and air to air missiles for its aerial fleet.
The Army has acquired the Israeli Spike anti-tank guided missiles along with the precision-guided Munitions from America.
The main focus in granting these powers to forces by the government has been to prepare themselves at a short notice for any contingency.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.