Hindustan Times ST (Mumbai) : 2019-02-11

FRONT PAGE : 3 : 3

FRONT PAGE

www.facebook.com/hindustantimes www.twitter.com/httweets www.hindustantimes.com/ipad http://read.ht/js4 DOWNLOAD OUR IPAD APP OUR EDITION ON KINDLE n n MONDAY, FEBRUARY 11, 2019 MUMBAI/METRO Vol. XV No. 36 Price ₹4.00 24 Pages + 8 Pages of HT Café (for Mumbai only). Area specific pages extra. n n n KUMAR QUESTIONED AGAIN n HARD-PRESSED Trinamool Congress parliamentarian Kunal Ghosh, who too has been brought to the Shillong office for investigation. Ghosh was arrested in 2013 and subsequently suspended by the party. CBI is probing allegations against Kumar relating to the chit fund scam in which at least two million people were cheated out of their savings. The Central Bureau of Investigation (CBI) questioned Kolkata Police commissioner Rajeev Kumar for the second day in Shillong on Sunday in connection with the Saradha chit fund scam, an official of the agency said. During interrogation, Kumar was brought face to face with former SHILLONG: n Sudhi Ranjan Sen RUNNING SHORT [email protected] n 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 The Indian Navy and the Indian Air Force will not have funds to pay for platforms and equipment they have agreed to buy (or have actually bought) in the past years in the coming financial year 2019-2020, unless the government allocates more money to them. The Indian Army is better off, but in general the forces face a cash crunch, a senior defence ministry official, who did not want to be named, said. The official’s assessment, corroborated by analysts and other experts HT spoke to, is based on the capital expenditure allocated to the forces in the interim budget 2019-2020, and their so-called committed liabilities towards capital purchases. Defence minister Nirmala Sitharaman has already been briefed about this and has taken it up with the finance ministry, this person added. A defence ministry spokesperson did not respond to a query seeking comment. All told, the interim budget allocates ~1.03 lakh crore NEW DELHI: What are committed liabilities? Budget allocation for capital expenditure Committed liabilities for capital acquisition ₹23,156.43cr Committed liabilities are annual instalments for ongoing capital projects such as building or purchasing warships, aircraft, missile systems, etc Indian Navy ₹25,461 cr ››P10 ₹39,302.64 cr ₹47,413 cr Indian Air Force ₹29,447.28 cr Indian Army ₹21,600 cr POSSIBLE SOLUTIONS Allocation of more funds later in the year Cutting down on expenditure Rolling over committed liabilities ■ ■ ■ are instalments paid annually for ongoing capital projects such as building warships, aircraft, missile systems, etc. “Either we are allocated more funds later in the year, or we need to cut down on expenditure elsewhere if we have to meet all liabilities that we have agreed on,” a senior naval officer said on the condition of anonymity. towards the capital expenditure of the three forces. Of this, the Indian Navy has been allotted ~23,156.43 crore. The committed liabilities for capital acquisition of the Indian Navy is ~25,461 crore, a second senior official dealing with the budget allocation in the ministry of defence said on the condition of anonymity. Committed liabilities shortstories n

© PressReader. All rights reserved.