The Defence Acquisition Council (DAC) chaired by Defence Minister Nirmala Sitharaman has approved various procurement proposals for three services estimated at about Rs. 9,435 crore.
The proposals includes purchase of 41,000 light machine guns (LMGs) and over 3.5 lakh close quarter battle (CQB) carbines, High-capacity radio relay (HCRR) and two Pollution control vessels (PCV). DAC is Defence Ministry’s highest decision-making body on procurement.
The Defence Acquisition Council (DAC) chaired by Defence Minister Nirmala Sitharaman has approved various procurement proposals for three services estimated at about Rs. 9,435 crore.The approval for procurement of 41,000 Light Machine Guns (LMG) and over 3.5 lakh Close Quarter Battle Carbines under Buy and Make (Indian) category has been was accorded by the DAC today. It also provided a go-ahead for procurement of good quantity of High Capacity Radio Relay (HCRR) for the Indian Army and Indian Air Drive at an estimated cost of Rs 1,092 crores.
Other than this, the DAC has also cleared the proposal for acquisition of two pollution control vessels that would be built by Indian shipyards at around cost of Rs 673 crores,
On February 20, the DAC approved the purchase of armed forces hardware and combat vehicles for the Indian Army costing Rs 1,850 crore. A proposal worthy of Rs 3,547 crore to procure assault rifles and carbines was cleared on January 16 by the Defence Acquisition Council (DAC), which also announced simplified norms to give a boost to ‘Make in India’ programme. Under the proposal, which was cleared at the DAC meeting chaired by Defence Minister Nirmala Sitharaman, 72,000 assault rifles and 93,895 carbines will be procured on the “fast track basis”, a defence ministry release said.
The procurement is to “enable the defence forces to meet their immediate requirement for the troops deployed on the borders” and is expected to address the shortage of small arms for the armed forces, the ministry said. Tenders will soon be floated to set the ball rolling for the procurement process, sources said, adding the procurement could also be done at the government to federal government (G to G) level. To encourage participation of private sector in defence design and production and to give a boost to ‘Make in India’ program, the DAC introduced significant changes in the ‘Make II’ category of the Defence Procurement Procedure, it said.
The DAC also simplified the procedure to make it industry-friendly, with minimal government control. The revised procedure will now allow the defence ministry to accept proposals from the industry and also allow start-ups to develop equipment for the Indian Armed Forces. The minimum qualification criteria to participate in ‘Make II’ projects in addition has been relaxed by removing conditions related to credit rating and reducing financial world wide web worth criteria.
According to the earlier ‘Make II’ procedure, only two vendors were shortlisted to build up prototype equipment. “Now, all vendors meeting the relaxed eligibility criteria will be allowed to participate in the prototype development process. The vendor will not be required to send Detailed Project Report,” the statement said. After accord of acceptance of the ‘Make II’ project by the council, all clearances will be accorded at Service HQ (SHQ) level, it added.
The largest deal is for the procurement of 7.4 lakh assault rifles from both OFB and Private Industry at an estimated cost of Rs. 12,280 crore.
Other approved small arms proposals include 5,917 sniper rifles for the Army and Indian Air Pressure for about Rs. 982 crore, 17,000 Light Machine Guns (LMG) for the three Services at around cost of over Rs. 1,819 crore, and another proposal for 72,400 assault rifles and 93,895 Carbines at a combined cost of Rs. 3,547 crore.
Of the various small arms, immediate operational requirement of the soldiers deployed on the edges will be procured through fast track route and for the balance creation lines will be create in India.
Defence Acquisition Council:
The objective of the Defence Acquisition Council is to ensure expeditious procurement of the approved requirements of the MILITARY in terms of capabilities sought, and time frame prescribed, by optimally utilizing the allocated budgetary resources.
The functions of the DAC include:
(i) In-principle approval of 15 Year Long-Term Included Perspective Plan for Defence Forces;
(ii) Accord of Acceptance of Necessity to acquisition proposals;
(iii) Categorization of the acquisition proposals relating to ‘Buy’, ‘Buy & Make’ and ‘Make’;
(iv) Issues associated with Single merchant clearance;
Pakistan has confirmed that it will be added on ‘grey list’ of the Financial Action Task Force (FATF) in June 2018, once an action plan is mutually negotiated. But it has disputed claims of being put on ‘black list’ from ‘grey list’, which are mainly non-cooperative countries. Earlier, Pakistan was on the FATF grey-list from 2012 to 2015.
“Pakistan will be assigned to the ‘grey list’ in June, once an action plan has been mutually negotiated. The statement that Pakistan will be transferred from the ‘grey’ to the ‘black’ list in June is therefore not true. The FATF website clearly demarcates the countries in the ‘black’ list as those who are non-cooperative”.
Pakistan will be placed back onto an international terrorism-financing watch list from June, according to a person with direct knowledge of the matter, a move that may hinder the country’s access to financial markets.
The move follows a push from the US, UK, France and Germany to get Pakistan positioned on the Financial Action Task Force’s “grey” monitoring list during a review meeting in Paris this week. China, which is financing more than $50 billion of infrastructure projects across Pakistan, removed its earlier objections to the move, said the person, who asked not to be determined as the discussions are private. Pakistan’s benchmark stock index reversed earlier gains and fell 0.6% at the close in Karachi.
A declaration from FATF after the Paris meeting on Friday made no mention of Pakistan. Technically the South Asian nation has three months to convince your body that it has acted against terror organisations, though it’ll be difficult for them in practice.
Earlier this week, Foreign Minister Khawaja Muhammad Asif said no consensus had been reached to put Pakistan on the list and that the nation had been given a three-month “pause.”
The move is the latest attempt to get Islamabad to take more action against terror groups that allegedly have support and sanctuary within Pakistan. Relations with the united states have deteriorated drastically in the past 12 months and in his first tweet of 2018, President Donald Trump said Pakistan gave “lies and deceit” in return for American funding. FATF removed the nuclear-armed country after three years in 2015 from a list of countries which are subjected to regular monitoring.
Being placed on the list may impede Pakistan’s usage of global markets at a time when its foreign reserves are dwindling and external deficits are widening ahead of national elections in July. Yet, during the previous period under FATF monitoring, Pakistan managed to negotiate an International Monetary Fund bailout and continued to tap the international bond market.
“Gradually the US is coming up with more pressure,” Shamoon Tariq, the Stockholm-based vice chief investment officer at Tundra Fonder AB, said before the decision. If the US “puts more pressure on the World Lender and IMF on future financing, that would be a real challenge.”
Last week, Pakistan vigorously tried to avoid inclusion to the list and said the united states had voiced concerns about the freedom with which the suspected planner of the 2008 Mumbai attacks, Hafiz Saeed, and his organisations operated in the united states.
The other day, Pakistan announced that it changed a law and now allowed its security forces to take action against groups on the UN Security Council list — such as Saeed’s charities that are alleged fronts for militant group Lashkar-e-Taiba. In addition, it seized dozens of offices, buildings, seminaries and ambulances belonging to Saeed’s Jamaat-ud-Dawa and Falah-e-Insaniat Foundation.
Pakistan’s Prime Minister Shahid Khaqan Abbasi also said in an interview this month that in the last two to three months Pakistan has “more or less complied” with sanctions against Saeed’s organizations. However, Abbasi said more action against Saeed himself was unlikely as “we have no charges against him.” India says it has provided evidence against Saeed to Pakistan.
The Ministry also criticized the Indian Motion Pictures Suppliers’ Association’s decision to uphold its ban on Pakistani artists. “It is unfortunate art and cinema, which bring people together by acting as cultural bridges are being held hostage to hate and xenophobia”.
The FATF blacklist was the common shorthand description for the Financial Action Task Force list of “Non-Cooperative Countries or Territories” (NCCTs) issued since 2000, which it perceived to be non-cooperative in the global fight against money laundering and terrorist financing.
The FATF blacklist or OECD blacklist has been issued by the Financial Action Job Pressure since 2000 and lists countries which it judges to be non cooperative in the global fight money laundering and terrorist financing, calling them “non cooperative Countries or Territories” (NCCTs). Although non-appearance on the blacklist was perceived to be always a mark of approbation for offshore financial centres (or “tax havens”) who are sufficiently well regulated to meet all of the FATF’s criteria, used the list included countries that did not operate as just offshore financial centres. The FATF updates the blacklist regularly, adding or deleting entries.
Since 2008 the FATF has, at the behest of G20 leaders, installed a more analytical process of identifying jurisdictions deficient in their anti-money laundering and anti-terrorist funding regimes