CURRENT AFFAIRS

2020

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Defence Acquisition Council has given its consent for the capital acquisition of various platforms and equipment required by the Indian Armed Forces of how much worth?

A	Rs 48, 900 crore
B	Rs 38, 900 crore
C	Rs 58, 900 crore
D	Rs 18, 900 crore

Explanation:

Detailed explanation-1: -* In November 2021, Defence Acquisition Council (DAC) boosted the ‘Make in India’ initiative by according Acceptance of Necessity (AoN) - to capital acquisition proposals worth Rs. 7, 965 crore (US$ 1.07 billion) - for modernisation and operational needs of armed forces.

Detailed explanation-2: -DAC is the highest decision-making body in the Defence Ministry for deciding on new policies and capital acquisitions for the three services – Army, Navy and Air Force, and the Indian Coast Guard. The Defence Acquisition Council is headed by the Defence Minister.

Detailed explanation-3: -Procurement of goods and services which are booked under the Capital Budget Head will follow the procedure as laid down in the DPP and will be termed as ‘Capital Acquisitions’.

Detailed explanation-4: -The composition of the DAC is as follows: Defence Minister: Chairman. Minister of State for Defence: Member. Chief of Army Staff: Member.

Detailed explanation-5: -The Defence Procurement Procedure (DPP) was first initiated in 2002 to streamline the procurement of military hardware for the Armed Forces in a systematic and time-bound manner.

There is 1 question to complete.