Defence Ministry denied more funds, some projects may be affected
New Delhi: Some Defence Ministry projects are likely to be affected as government rejected its demand for an extra allocation of Rs 7,870 crore to pay for fuel that has gone up since the last budget, as also increased salaries, saying this should be met from existing resources, a source in the ministry said.
"The cost of fuel has gone up considerably and salaries have also increased. The ministry needed some extra fund for this," the source said.
However, the Finance Ministry turned down the demand and asked the Defence Ministry to utilise money from its capital expenditure fund.
"The ministry had spent 82 percent of the capital expenditure by the end of December," the source said.
"This amount will now have to be taken from the remaining 18 percent of the capital expenditure fund. It will affect some of the projects," the source added.
The Defence Ministry was allocated Rs 2.03 trillion (USD 37.45 billion) for 2013-14. Capital expenditure to acquire or upgrade fixed assets - including force augmentation and procurement of new weapons and systems - was pegged at Rs 867.41 billion.
The source, however, added that the denial of funds will not affect the "operational efficiency of the armed forces".
More from India
More from World
More from Sports
More from Entertaiment
- China condemns Pakistan over Uri terror attack
- Indian- Americans launch online petition to declare Pakistan 'sponsor of terrorism'
- DNA: Analysis over who is responsible for tense condition of Kashmir after Burhan Wani's death?
- Should Pakistani artists be restricted from working in India?
- EU warns Pakistan of political and economic sanctions over atrocities in Baloch
- Onam Bumper Lottery/Kerala Thiruvonam Bumper-2016 BR-51 draw result declared - Here is the winning ticket number
- Uri attack: Israel ready to help India with cutting-edge technology to secure borders
- India's Rafale vs Pakistan's F-16: Why the French fighter jet is the best choice for dogfight
- MNS ultimatum to Pakistani actors: Leave India in 48-hour deadline
- All you need to know about Reliance JioFi at Rs 1,999 – use free data till December 31