Indian Parliamentary Committee Criticises Government for ‘Inadequate' Allocation of Military Funds

India’s Parliamentary Standing Committee on Defence has criticised the federal government for providing what it described as an inadequate allocation of funds for the country’s long-delayed military modernisation.<br />In six reports tabled in parliament on 7 January the committee censured the federal Ministry of Finance for repeatedly rejecting the...

India’s Parliamentary Standing Committee on Defence has criticised the federal government for providing what it described as an inadequate allocation of funds for the country’s long-delayed military modernisation.

In six reports tabled in parliament on 7 January the committee censured the federal Ministry of Finance for repeatedly rejecting the creation of a ‘non-lapsable capital fund’ to finance such military programmes.

The committee explained that since materiel procurements are “complicated, entailing long gestation periods”, the funds earmarked for modernisation are not always spent by the Ministry of Defence (MoD) each fiscal year and thereafter, lapse unspent.

To overcome this financial obstacle, the committee reiterated the MoD’s demand for the government to establish a ‘non-lapsable fund’ to ensure that adequate financial resources are available, whenever needed, to procure military equipment.

Source: www.janes.com