Armed forces should avoid wasteful expenditure: Antony
New Delhi: Defence Minister A K Antony on Saturday said the government will provide maximum possible support to the armed forces for modernisation but they should avoid "wasteful expenditure".
Addressing a navy function here, the minister said the defence budget is touching nearly Rs 2 lakh crore but even in the present security scenario around the country, "we will not be able to find resources as per the aspirations of the armed forces fully.
"We will support you to the maximum extent but at the same time there is a possibility from your side to avoid, I may say it is a little harsh word, wasteful expenditure and sometimes some expenditure that can be delayed a little time," he said.
The Defence Minister was speaking after inaugurating the navy Financial Information System (FIS), which he said "will enable more effective management of naval budget."
"I hope other two services and all the other departments of the Government of India will follow this timely and useful initiative of the Indian navy. I would like to congratulate the navy for taking this timely initiative," he said.
Antony said the FIS was a step in the series of measures to bring "more probity, accountability and transparency in our public dealings and financial transactions."
"There is also a need to overcome existing constraints and enhance integration of Central Defence Accounts (CDA) to ensure maximum utilisation of the FIS," he said.
More from India
More from World
More from Sports
More from Entertaiment
- DNA : When will Indian govt take strong actions against terrorism?
- Drunk girl assaults Mumbai police in Worli
- Arun Jaitley upset with Subramaniam Swami's Twitter attack
- Bombay HC to pronounce verdict on entry of woman to Haji Ali Dargah today
- DNA: When will Indian govt take strong actions against terrorism? - Part II