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…
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New Delhi, May 31 (IANS) Chief of Naval Staff (CNS) Admiral Krishna Swaminathan reaffirmed his commitment on Sunday to ensure that the Indian Navy maintains the highest level of operational readiness and combat effectiveness for protecting the nation’s security and economic interests. He also emphasised the importance of ‘JAI’ – Jointness, Atmanirbharata (self-reliance), and Indigenisation.Admiral Krishna Swaminathan took charge as the Chief of Navy Staff after taking the handover from Admiral…
Jaipur, May 7 (IANS) Marking the first anniversary of Operation Sindoor, India’s top military leadership gathered at the South Western Command in Jaipur on Thursday and delivered a strong message against terrorism, declaring that the operation represented not an end, but the beginning of a new strategic resolve. Addressing a joint press conference, senior officers from the Army, Air Force, and Navy said India would continue taking decisive action to safeguard national security and prevent terr…
Washington, April 9 (IANS) The move by India to expand its domestic defence manufacturing could strengthen economic growth, the International Monetary Fund said, noting that higher military spending can lift output when it supports local industry.“Defence buildups can boost economic activity in the short term—lifting consumption and investment,” the IMF said in its latest analysis of global defence trends.The report comes as defence spending rises worldwide amid growing geopolitical tensio…