DEFENCE ACQUISITION COUNCIL

  • Centre clears major defence deals to bolster armed forces October 25, 2014

    New Delhi: The Union government has cleared major defence purchases to bolster the country's armed forces. The Defence Acquisition Council has cleared deals worth Rs 80,000 crore. Six submarines will be constructed indigenously under the 'Make In India' drive The project is expected to be worth Rs 50,000. In addition,...
  • Defence Ministry scraps Rs 6,000 crore deal to buy 197 Light Utility Helicopters August 29, 2014

    New Delhi: The Defence Ministry on Friday scrapped a Rs 6,000 crore deal to procure 197 Light Utility Helicopters. The deal got stuck after AgustaWestland, which was one of the participants, came under investigation in the VVIP chopper deal. The decision was taken at a meeting of the Defence Acquisition Council...
  • Defence Minister defers decision on Navy chopper deal over AgustaWestalnd links July 27, 2014

    New Delhi: The NDA government has deferred its decision on the procurement of 16 multirole helicopters for the Indian Navy as one of the two companies in the race for the deal is linked with Finmeccannica the parent organisation of the scamtainted firm AgustaWestalnd. The Defence Acquisition Council headed by Defence...
  • Changes to defence procurement rules to be approved April 2, 2013

    New Delhi: The Defence Acquisition Council is expected to approve changes to procurement rules on Tuesday and sources said the new rules will give domestic industry, both public and private, the right of "first refusal" before the import option is exercised. The rules are intended to boost indigenisation and lower the...
  • Defence body to decide on replacing ageing IAF choppers October 29, 2012

    New Delhi: The Defence Acquisition Council is set to meet on Monday where a decision is expected on replacing the military's ageing Cheetah and Chetak helicopters of the Indian Air Force. The meet comes amidst allegations of bribery which threaten to torpedo the VVIP helicopter deal. Italian defence major Finmeccanica stands...
  • Def Min to consider proposals worth Rs 20,000 cr June 21, 2012

    New Delhi: The Defence Ministry will consider proposals worth over Rs 20,000 crore in a meeting on Friday to decide on critical equipment such as air defence missiles for the army. In a meeting of the Defence Acquisition Council (DAC) to be held on Friday, the Ministry is also expected...
  • 10 pc disinvestment in HAL approved September 12, 2011

    New Delhi: The Defence Ministry has given approval for disinvestment of 10 per cent of its stake in the country's only aerospace company Hindustan Aeronautics Limited in the next five years. In a Defence Acquisition Council (DAC) meeting held last week, the Ministry gave "inprinciple" nod to allow 10 per cent...
  • India fires order for 126 fighter jets June 30, 2007

    New Delhi: The Government on Friday gave its final permission for the purchase of 126 fighter aircraft, clearing the way for India's largest defence deal which will cost at least Rs 30,000 crore. The permission came from the Defence Acquisition Council, and the entire process took more six years. The delay...