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…

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