Lesser budgetary allocation not to affect MEA: Official

Image
IANS New Delhi
Last Updated : Mar 03 2016 | 6:43 PM IST

Though the budgetary allocation for the external affairs ministry is lesser this year as compared to last year, its programmes were unlikely to be affected as this can always be revisited in the revised budget estimates, a senior ministry official said on Thursday.

"It is a fact that our budget has been reduced by Rs.500 crore if you add particularly the ministry of overseas Indian affairs which has now been merged with the ministry of external affairs," ministry spokesman Vikas Swarup said at a media briefing here.

"But having said that, let me say that the budget-making exercise is not a one-shot exercise," he said, adding that the process was now at the budget estimates stage.

However, he said the ministry would continue with all its aid programmes for all the neighbouring countries, including the Indian Technical and Economic Cooperation (ITEC) and development partnership programmes.

"If we do feel that we have need for additional funds, then at the revised estimates stage, we will seek those additional funds," Swarup said.

*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

First Published: Mar 03 2016 | 6:24 PM IST

Next Story