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Guns vs Butter-I: House panel welcomes larger funds allocation

The first of a five-part series analyses the military's capex demand versus allocation. The recent report of the parliamentary standing committee on defence provides the backdrop

Army, Defence

Ajai Shukla

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The 37th report of the 17th Lok Sabha’s standing committee on defence reveals that after five years of under-providing funding for capital expenditure (capex), the defence budget for 2023-24 (FY24) has this year allocated to the defence services the capital funding they projected as their requirement for the year.

In the current system of allocating funding, the Army, the Navy, and the Air Force separately work out their requirement for the year. These projections are sent by the Ministry of Defence (MoD) to the Ministry of Finance for allocation as part of Demand No. 21, which is the “capital outlay

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First Published: Mar 28 2023 | 10:34 PM IST

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