Defence Minister Rajnath Singh released a stamp and a special cover envelope commemorating 275 years of the Defence Accounts Department (DAD). Minister has exhorted DAD to ensure judicious use of financial resources through quick & transparent decision-making. Terming it the key to strengthening the combat readiness of the Armed Forces.
While inaugurating the two-day Controllers’ Conference of DAD in New Delhi on November 14, 2022. The Defence Minister described the officials of the department as the sentinels of the defence finance system .who play their part in nation-building by managing the allotted funds with financial prudence.
The DAD handles the budget allocated to the Ministry of Defence (MoD), which translates into pay and allowances of personnel, payment to pensioners, processing of financial advice cases for various procurements and processing of first & third-party claims, apart from the other auxiliary activities, including internal audit function. In Union Budget 2022-23, MoD has been allocated a total budget of Rs 5.25 lakh crore, including Rs 1.19 lakh crore for pensions.
The inaugural session was attended by Chief of Defence Staff General Anil Chauhan, Chief of Air Staff Air Chief Marshal VR Chaudhari, Chief of the Naval Staff Admiral R Hari Kumar, Defence Secretary Giridhar Aramane, Secretary, Department of Ex-Servicemen Welfare Vijoy Kumar Singh, Financial Advisor (Defence Services) Rasika Chaube and Chief Post Master General Manju Kumar.
