MoD battling to get funds: Antony - The New Indian Express

MoD battling to get funds: Antony

Published: 09th November 2012 10:19 AM

Last Updated: 09th November 2012 10:19 AM

In the face of economic slowdown, the Ministry of Defence on Thursday said it was fighting a tough battle to get even its allocated budget of Rs 1.93 lakh crore from the government while completely shelving its plans to get an additional Rs 45,000 crore.

“Now I am struggling to get the budgetary amount,” Defence Minister A K Antony told reporters when asked if he was hopeful of getting additional budget for the modernisation of Armed Forces.

The Defence Minister, however, ruled out any cuts in the budget. “These are all rumours. Our Ministry is trying to speed up (the modernisation process) without compromising procedures. From our Ministry’s side, there is no question of slowing down,” Antony added.

On Wednesday, Antony had advised the Armed Forces to focus on acquisition process as many of the procurement have been running behind schedule.

The delay in Indigenous Aircraft carrier (IAC), slow progress of border roads projects in Arunachal, highly unsatisfactory progress of ordnance factories and defence PSUs are said to be the main reasons for the present state of affairs in the defence expenditure, sources said.

To set right the course and exhaust the Rs 1,93,000 crore of Defence Budget, of which around Rs 80,000 crore was allocated for the modernisation and acquisition projects, Antony has asked the officials to conduct series of separate review meetings about the projects and plans having direct linkages with the ‘operational preparedness’.

Finance Minister P Chidambaram, however, refused to comment on the question about any cuts in the Defence Budget.

Disclaimer: We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the NIE editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.


Recent Activity

Pinterest Google Plus Twitter Facebook tumblr RSS Mobile Site apple Newshunt