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 r…
Latest Defence Procurement News & Updates
New Delhi, May 25 (IANS) A Delhi court on Monday extended the CBI custody of Army officer Colonel Himanshu Bali by five days in connection with a bribery case involving the alleged payment of Rs 50 lakh for manipulating defence tenders and clearing false bills. Colonel Bali was produced before the Rouse Avenue Court after the expiry of his earlier five-day custody granted to the Central Bureau of Investigation (CBI).Allowing the agency’s plea, the court extended his custodial interrogation by …