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Emergency Financial Powers

  • 30 Apr 2019
  • 2 min read
  • The Army is in the process of procuring the equipment through a set of new financial powers for emergency procurements sanctioned by the Defence Ministry.
  • Under emergency financial powers, armed forces have been given a free hand to procure equipment worth up to ₹300 crore on a priority basis.
  • The two types of equipment are:
    • Spike-LR Anti-Tank Missiles
    • Igla-S Very Short Range Air Defence Systems


  • It is an Anti-Tank Missiles developed by Israel.
  • It is a portable anti-armor weapon system with a range of up to 4km, which can be operated in fire-and-forget mode and in the fire, observe and update mode using the fiber-optic data link.
  • The systems are used by infantry soldiers, special rapid reaction forces, ground forces, and helicopter aircrew.
  • The Spike system can work in non-line-of-sight (NLOS) mode allowing the gunner to operate from a covered position.


  • It is Very Short Range Air Defence Systems developed by Russia.
  • Russian made Igla-S air defense systems with man-portable systems will be replacing its predecessor Igla-M which has been with India armed forces from the early ’80s.
  • Russian-made 9K338 Igla-S man-portable air-defense systems (MANPADS), also known as the SA-24 was recently replaced by the fourth generation 9K333 Verba man-portable infrared homing surface-to-air missile in Russia but India decided to go with an older system even when Russians were perfectly ok to supply India with the latest Verba system.
  • Engagement altitude is 10 to 3500 metre.
  • Max engagement range is 6000 meter.
  • Weight of combat assets, not more than 19 kg.


  • Man-portable air-defense systems surface to air missile.
  • Lightweight enough to lift by a single person.
  • The system consists of a missile in a disposable tube, a grip stock, and a battery to charge the missile.
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