Defence forces get enhanced financial powers; procurement worth Rs 1.25 lakh crore to get faster clearance

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New Delhi, June 4 (IANS): In a major push to improve efficiency and accelerate defence procurement, the government on Thursday announced that it has significantly enhanced the delegation of financial powers across the armed forces, enabling faster decision-making and smoother execution of contracts. The revised framework is expected to support procurement exceeding Rs 1.25 lakh crore through the revenue route, in line with current budgetary allocations. Defence Minister Rajnath Singh released the revised Delegation of Financial Powers for the Defence Services in New Delhi on June 04. The updated structure covers medical and works projects and introduces major enhancements aimed at strengthening operational efficiency at the field level.

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