What Happened
Government Considers Raising Approval Limits to Speed Up Deals
The Indian government is considering changes to the financial powers related to defence procurement to rapidly equip the armed forces with modern weapons. The proposal includes raising the procurement approval limits of the Defence Minister and the Finance Ministry, allowing more deals to be decided at the ministry level without waiting for approval from the Cabinet Committee on Security. According to sources, the government is considering increasing the Defence Minister’s financial powers from ₹2,000 crore to ₹5,000 crore, and the Finance Ministry’s limit from ₹3,000 crore to ₹10,000 crore. This was reported by an unknown source.