When Finance Minister Arun Jaitley will be present budget 2019, ahead of this year’s general election, allocation for defence would be a crucial aspect. Last year, the defence forces were not fully satisfied with the marginal increase of funds.
The Army had also claimed that it was falling short of funds for its 25 ‘Make in India’ projects. According to a report by DNA, Army Vice Chief Lt General Sarath Chand had raised these points before a parliamentary standing committee on defence in March 2018.
Chand had told the panel that the budget allocation for 2018-19 had “dashed the hopes” of the Army and the marginal increase was barely enough to meet inflation as 68% of the force’s equipment falls in the “vintage category”. Read More