MoD Caps Ammo Annual Budget Hike At 10%


Striking a balance between demand of modernising the armed forces and slow growing budget, the Ministry of Defence (MoD) has come out with instructions saying an annual hike of up to 10 per cent will be assured for capital expenses meant for new equipment, weapons, ammunition, etc.

However, the forces will have to plan within the expected growth of “resources” and not come up with huge proposals that cannot fructify. The MoD has said the demands should be specifically based on needs for which the capability increase is sought.The high-powered defence planning council (DPC), at its first meeting on May 3 decided that the forces will list out immediate criticality of weapons and ammunition.

The plan would be enforced from now till 2022, sources said. In the present fiscal ending March 31, 2019, the allocation for capital expenses is Rs 99,563 crore. This will see an year-on-year increase of 10 per cent, says the Ministry of Defence’s new financial guidelines. Read More…

You may also read!

Pakistan Forces Wore ‘thermal Suits’ To Avoid Detection, Kill BSF Man On IB?

Pakistan forces may have adopted a new strategy to attack Indian forces going by the security agencies' report. According

Read More...

Palestinians Ask ICC For ‘Immediate’ Probe Against Israel

Calling it a "historic step" toward justice, the Palestinian foreign minister asked the International Criminal Court on Tuesday to

Read More...

Pakistan To Host Anti-terror Meet In Islamabad, Says India Will Participate

In what could turn out to be a step towards betterment of the bitter Indo-Pak relations, India is all

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu