The Defence Acquisition Council (DAC) sanctioned capital acquisition plans totaling ₹1.05 lakh crore, designed to bolster India’s defence capabilities via entirely domestic sourcing
Concerning Recent Authorizations for Defense Acquisitions:
₹1.05 Lakh Crore Local Proposals Approved:
DAC sanctioned 10 capital acquisition proposals within the Buy (Indian-IDDM) category.
Naval Acquisition Strategies:
AoN covered Moored Mines, Mine Countermeasure Vessels, Submersible Autonomous Vessels, and Super Rapid Gun Mounts.
₹30,000 Cr QR-SAM Acquisition in the Works:
The Ministry of Defence is expected to conclude the purchase of three regiments of Quick Reaction Surface-to-Air Missiles (QR-SAM) to enhance the air defense capabilities of the Indian Army.
Largest Helicopter Agreement in History:
The Cabinet Committee on Security approved a ₹62,700 crore agreement to purchase 156 Light Combat Helicopters (Prachand) from Hindustan Aeronautics Ltd (HAL).
Concerning the Defence Acquisition Council (DAC):
It serves as the top authority in the Ministry of Defence regarding procurement issues.
Founded in 2001, subsequent to the Group of Ministers Report on National Security reforms after the Kargil War (1999).
Ministry: Within the Defence Ministry, Government of India.
Led by the minister of defense.
Comprises the Chief of Defence Staff and the leaders of the Army, Navy, and Air Force.
Objective: To guarantee timely, economical, and capability-focused purchasing by optimally utilizing the assigned budget.
Main Roles:
Grants Approval of Necessity (AoN) for proposals related to capital acquisition.
Grants preliminary approval to the Long-Term Integrated Perspective Plan (LTIPP) covering a period of 15 years.
Classifies acquisitions into Buy (Indian), Buy & Make, and Make categories.
Determines Transfer of Technology (ToT) and offsets for contracts exceeding ₹300 crore.
Addresses procurement problems with individual vendor
Manages evaluations of field trials and assesses performance.
At International Conference on Sustainable and Responsible Mining in Hyderabad, the Union Coal and Mines Minister unveiled the Aluminium Vision Document
India's first Equine Disease-Free Compartment has received official recognition from the World Organisation for Animal Health
PNGRB Endorses Changes to Natural Gas Pipeline Tariff Rules
Indian Diaspora in Trinidad and Tobago
India Informs WTO of Possible Retaliatory Tariffs on U.S. Goods
Thackeray cousins reunite after 20 years, lead massive “Marathi Victory” rally in Mumbai
Trinidad & Tobago backs India’s UNSC bid as Modi strengthens bilateral ties
CBI uncovers major medical education scam involving top officials, godman
Top Army officer warns of China-Pakistan military nexus as India faces two-front threat
Arijit Singh dethrones global icons to become most-followed artist on Spotify
At International Conference on Sustainable and Responsible Mining in Hyderabad, the Union Coal and Mines Minister unveiled the Aluminium Vision Document
India's first Equine Disease-Free Compartment has received official recognition from the World Organisation for Animal Health
PNGRB Endorses Changes to Natural Gas Pipeline Tariff Rules
Indian Diaspora in Trinidad and Tobago
India Informs WTO of Possible Retaliatory Tariffs on U.S. Goods
Thackeray cousins reunite after 20 years, lead massive “Marathi Victory” rally in Mumbai
Trinidad & Tobago backs India’s UNSC bid as Modi strengthens bilateral ties
CBI uncovers major medical education scam involving top officials, godman
Top Army officer warns of China-Pakistan military nexus as India faces two-front threat
Arijit Singh dethrones global icons to become most-followed artist on Spotify
Copyright© educationpost.in 2024 All Rights Reserved.
Designed and Developed by @Pyndertech