RUN­NING SHORT

Hindustan Times (Bathinda) - - Ht Punjab -

Cap­i­tal ex­pen­di­ture al­lo­cated for the air force and the navy in the in­terim bud­get is short of their so-called com­mit­ted li­a­bil­i­ties to­wards cap­i­tal pur­chases

What are com­mit­ted li­a­bil­i­ties?

Com­mit­ted li­a­bil­i­ties are an­nual in­stal­ments for on­go­ing cap­i­tal projects such as build­ing or pur­chas­ing war­ships, air­craft, mis­sile sys­tems, etc

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