CURRENT AFFAIRS Armed forces get power to buy weapons for Rs 300 crore. Neha Kumari Jul 16, 2020 05:11 GMT The armed forces have been allowed to purchase upto rupees 300 crore of weapons and equipment for ''emergent operational requirement''. The decision was finalized at Defence acquisition council (DAC) meeting. The meeting was led by Defence Minister Rajnath Singh. The decision is taken amid tension between India and China over LAC. The military development has fasten due to Indo-China clash at Galwan Valley, where 20 soldier were martyred . However now the tension have de-escalated. The three defence forces had already started buying a range of military equipment, weapon and platforms. As per sources Rajnath Singh will visit Ladakh this week. Army Chief General M M Naravane will also visit Ladakh on July 17. After visiting Ladakh, he will also visit forward areas in Jammu and Kashmir to analyse military operations. DAC delegated powers for progressing urgent capital acquisition cases, up to Rs 300 crores, to the armed forces to meet emergent operational requirements," a tweet by the ministry said. The DAC delegated the powers for progressing urgent Capital Acquisition Cases upto Rs 300 crores to the Armed Forces to meet their emergent operational requirements.— रक्षा मंत्री कार्यालय/ RMO India (@DefenceMinIndia) July 15, 2020 "This will shrink procurement timelines and ensure placement of orders within six months and commencement of deliveries within one year," the tweet read This will shrink the procurement timelines and ensure placement of orders within six months and commencement of deliveries within one year.— रक्षा मंत्री कार्यालय/ RMO India (@DefenceMinIndia) July 15, 2020 defencenews rajnathsingh mmnaravane specialpowertodefence Read More Read the Next Article