Defence under-expenditure, again
The defence ministry surrendered 10% of its capital allocations last year
In the Union Budget 2008-09, unveiled by Finance Minister P Chidambaram in parliament today, the budgeted capital outlay for defence services has been increased from Rs 41,922 crore to Rs 48,007 crore, by around 14.5%.
That’s good news for military modernisation. If the albatross-like procurement [...]
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