Mod­erni­sa­tion Stumped

Arun Jait­ley stated that, Òever since the NDA Govern­ment has as­sumed of­fice in 2014, lot of em­pha­sis has been given to mod­ernising and en­hanc­ing the op­er­a­tional ca­pa­bil­ity of the De­fence Forces. En­sur­ing ad­e­quate bud­getary sup­port will be our pri­or­ity.Ó


FiNANcE MiN­is­tEr AruN JAit­lEy started the bud­get speech by reit­er­at­ing the Govern­men­tÕs past achieve­ments and an­nounc­ing new pro­pos­als for agri­cul­ture and ru­ral econ­omy; health, ed­u­ca­tion and so­cial protection; MsMEs and em­ploy­ment; in­fra­struc­ture and fi­nan­cial sec­tor de­vel­op­ment; build­ing in­sti­tu­tions and im­prov­ing pub­lic ser­vice de­liv­ery, etc. All this un­der the cen­tre Head­ing of ÔGover­nance, Econ­omy and Devel­op­mentÕ. this was on an­tic­i­pated lines due to the elec­tions com­ing up in many states dur­ing this year. in­di­aÕs an­nual bud­get be­comes more of the Govern­men­tÕs arith­meti­cal ex­er­cise on its rev­enue and ex­pen­di­ture with po­lit­i­cal over­tones.

De­fence Bud­get

Union Bud­get for the fi­nan­cial year 2018- 19, pre­sented by the Finance Min­is­ter Arun Jait­ley in the Par­lia­ment en­vis­aged a to­tal out­lay of ` 24,42,213 crore. Out of this, ` 2,95,511.41 crore has been ear­marked for De­fence which ac­counts for 12.10 per cent of the to­tal cen­tral Govern­ment ex­pen­di­ture for the year 2018-19. This al­lo­ca­tion rep­re­sents a growth of 7.81 per cent over Bud­get Es­ti­mates (`2,74,114.12 crore) and 5.91 per cent over re­vised Es­ti­mates (`2,79,003.85 crore), re­spec­tively for the fi­nan­cial year 2017-18. How­ever it is 1.58 per cent of GDP and low­est since 1962.

Rev­enue and Cap­i­tal Al­lo­ca­tions. Out of ` 2,95,511.41 crore al­lo­cated for the fi­nan­cial year 2018-19, ` 1,95,947.55 crore has been al­lo­cated for rev­enue (Net) ex­pen­di­ture and ` 99,563.86 crore for cap­i­tal ex­pen­di­ture for the De­fence ser­vices and the Organisations/De­part­ments un­der Min­istry of De­fence.

Cap­i­tal Al­lo­ca­tion. the amount of ` 99,563.86 crore, al­lo­cated for Cap­i­tal ex­pen­di­ture, in­cludes mod­erni­sa­tion re­lated ex­pen­di­ture. the cap­i­tal al­lo­ca­tion for Min­istry of De­fence un­der Bud­get Es­ti­mates (BE) 2018-19 is 33.1 per cent of the to­tal cen­tral Govern­ment Ex­pen­di­ture on cap­i­tal Ac­count, which is ` 3,00,441 crore.

RM’s Ad­vi­sory Com­mit­tee on Min­istry of De­fence Cap­i­tal Projects

the rak­sha Mantri Nir­mala sithara­man has con­sti­tuted a 13 mem­ber rak­sha MantriÕs Ad­vi­sory com­mit­tee on Min­istry of De­fence (MoD) cap­i­tal Projects (rMcOMP). the de­ci­sion has been taken to ex­pe­dite cap­i­tal ac­qui­si­tions to bol­ster armed forces pre­pared­ness. the com­mit­tee is chaired by shri Vi­nay sheel Oberoi, Former sec­re­tary, Govern­ment of in­dia. the other mem­bers are re­tired se­nior of­fi­cers from De­fence Psus, OFB, DrDO and the three ser­vices. there are two mem­bers from out­side the

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