Finance ministry working on Non-Lapsable Defence Modernisation Fund deccanchronicle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from deccanchronicle.com Daily Mail and Mail on Sunday newspapers.
Non-lapsable fund for defence expenditure favoured thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
Finance Commission chief stresses on reducing revenue expenditure, enhancing capital outlays aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.
Agreed to 15th Finance Commission s suggestion on non-lapsable Defence Fund: Finance Minister
The 15th Finance Commission had recommended constitution of Modernisation Fund for Defence and Internal Security (MFDIS), a non-lapsable dedicated fund to bridge the gap between projected budgetary requirements and allocation for internal security and defence. February 13, 2021 / 12:02 PM IST
Finance Minister Nirmala Sitharaman said on February 13 that the government has agreed to the 15th Finance Commission’s recommendations for a non-lapsable defence fund, a move which could see states indirectly paying for a part of the country’s defence needs.
Defence and National Security are the centre’s responsibility as per the Seventh Schedule of the Constitution.