About DAC

• Defence Acquisition Council (DAC) is constituted under the Ministry of Defence (MoD) for overall guidance of the defence procurement planning process.
• It includes Defence Minister as Chairman and chiefs of tri-services, Defence Secretary, Secretary Defence Research & Development, Secretary Defence Production, Director General (Acquisition), Chief of Integrated Staff Committees and Deputy Chief of Integrated Defence as members.
• The DAC is the highest decision-making body in the defence ministry for deciding on new policies and capital acquisitions for the three services and the Indian Coast Guard.
• The objective of the DAC is to ensure expeditious procurement of the approved requirements of the Armed Forces in terms of capabilities sought, and time frame prescribed, by optimally utilizing the allocated budgetary resources.

Why in News?

• The Defence Acquisition Council has approved proposals to procure equipment worth Rs 27,000 crore from the domestic industry. 
• The proposals include various weapons, platforms, equipment and systems required by the Indian Army, the Navy and Air Force.

Reference:

1. http://newsonair.com/News?title=Defence-Acquisition-Council-approves-proposals-worth-Rs-27%2c000-crore-to-procure-equipment-from-domestic-industry&id=406256