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New Delhi PTI Defence Financial Controllers have been asked to frame speedy disbursement procedures, lack of which was blocking the services from going in for weapons and platform purchases, Defence Minister, A K Antony, said on Monday.
Virtually pulling up the the controllers, he said though the Cabinet had cleared devolution of more financial powers to three services on capital purchases, lack of disbursement procedures was hampering the services from going in for weapons and platform purchases and optimal utilisation of the funds.
"Enough money is there, clearance too is there, but weapon purchases projects are not getting off the ground," he said in his address to the three-day Defence Financial Controllers conference here.
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Virtually pulling up the the controllers, he said though the Cabinet had cleared devolution of more financial powers to three services on capital purchases, lack of disbursement procedures was hampering the services from going in for weapons and platform purchases and optimal utilisation of the funds.
"Enough money is there, clearance too is there, but weapon purchases projects are not getting off the ground," he said in his address to the three-day Defence Financial Controllers conference here.
Read...