Capital Acquisition Current Affairs - 2020

National Startup Advisory Council setup to boost Startups and Innovations

On January 22, 2020, the Union Ministry of Commerce and Industry has setup National Startup Advisory Council. The council will suggest ways to build strong start ups in the country. It is being set up to reduce the time spent on tax compliance to less than one-hour a month and to boost the availability of Read More…

DAC approves measures to simplify Defence Procurement Procedure

The Defence Acquisition Council (DAC) chaired by Union Defence Minister Nirmala Sitharaman has approved various measures to simplify Defence Procurement Procedure (DPP). DAC is Defence Ministry’s highest decision-making body on capital procurement of Indian Armed Forces (Army, Navy and Air Force). Key Facts These measures will be incorporated in DPP-16, the manual governing defence procurement Read More…

Defence Ministry constitutes Vinay Sheel Oberoi Committee to expedite capital acquisition

The Union Ministry of Defence (MoD) has constituted 13-member Raksha Mantri Advisory Committee on Ministry of Defence Capital Projects (RMCOMP).  It will be headed by former secretary Vinay Sheel Oberoi. The committee will monitor and expedite capital acquisition projects for modernisation of armed forces and bolster armed forces preparedness. Terms of reference of RMCOMP It Read More…