The Finance Division of the Ministry of Defence : Finance Division in the Ministry of Defence deals with all matters having financial implications. It is fully integrated with the Ministry of Defence and performs an advisory role.
To achieve greater efficiency in administration, expeditious disposal and transparency, Ministry of Defence exercises financial powers in consultation with the Finance Division as per the procedure laid down in the Defence Procurement Procedure, 2006 and Defence Procurement Manual 2006. The Defence Procurement Procedure deals with capital acquisitions and Defence Procurement Manual deals with revenue procurement.
E-Procurement is one of the Thrust Area approved by the Prime Minister for the year 2007. Accordingly, steps have been taken to enhance the scope of e-procurement in DRDO. This would facilitate tender inquiries being sent electronically to a bigger than usual set of vendors and improve competition/transparency as well as cut down delays. Pilot projects for procurement of common use items have been taken up in five administrative units and designated officers have been entrusted with digital signatures.
Finance Division of Ministry of Defence, inter alia, prepares and monitors Defence Services Estimates, Civil Estimates of the Ministry of Defence and the Estimates in the respect of the Defence Pensions. Break –up of the Actual expenditure for the years 2014-15 and 2015-16 as also the Budget Estimates for 2015-16 and Revised Estimates for 2015-16 are given as under.
(Rs. In crores)