MEA's budget insufficient despite India's ambitions for influence: Rpt

The Ministry of External Affairs (MEA)'s budget remains insufficient despite India's ambitions for global influence, according to the parliamentary report by External Affairs Committee

money, budget, rupee
ANI
2 min read Last Updated : Mar 24 2023 | 7:30 AM IST

The Ministry of External Affairs (MEA)'s budget remains insufficient despite India's ambitions for global influence, according to the parliamentary report by External Affairs Committee.

The Committee has noted that despite its challenging mandate in making India into a leading power and influential entity among the nations of the world, MEA remains one of the least funded Central Ministries and its revised budget hovers around just 0.4 per cent of the total budgetary allocation of the Government of India since 2020-21, the Ministry of External Affairs said in its twentieth report on Demands For Grants (2023-24).

According to the External Affairs Committee report, keeping in view the magnitude and extent of India's diplomatic outreach and foreign policy objectives, the Committee continue to feel that an allocation of at least one per cent out of the overall Budget of the GoI to the Ministry is reasonable and achievable.

The Committee, hence, have desired that the Ministry should strive to enhance its financial resources in line with its diplomatic responsibilities globally. However, the increased allocation per se without the capacity to utilize the amount would be meaningless, as per the report.

The Committee has urged the Ministry to work out a roadmap for enhancing its capacities and capabilities, whether it is in the form of structural change in the Ministry or a complete revamp of its organizational structure.

Based on the roadmap prepared, a detailed proposal may be placed before the Ministry of Finance. Steps taken in this regard may be communicated to the Committee.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Ministry of External AffairsBudget

First Published: Mar 24 2023 | 7:30 AM IST

Next Story