Defence Minister Rajnath Singh on Monday said another list of items pertaining to the defence industry that will not be imported from other countries will be notified next month. He also said procurement of defence equipment from the private sector will not be limited to 15 per cent but will go much beyond that. Another list of items that will be not be imported to be notified in March 2021, he said in his closing remarks in a Webinar on Budget Announcements 2021-22: Galvanising Efforts for Atmanirbhar Bharat on effective implementation of the Union Budget provisions in the defence sector. Last year, the Department of Military Affairs (DMA), Ministry of Defence (MoD) prepared a list of 101 items for which there would be an embargo on the import.
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Parliamentary Committee discusses budgetary allocation to Defence Ministry
By IANS |
Published on
Wed, Feb 17 2021 15:12 IST |
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Budget proposals positive for insurance sector: Fitch Ratings. Image Source: IANS News
New Delhi, Feb 17 : A Parliamentary Standing Committee on Wednesday analysed budgetary allocation and expenditure of Ministry of Defence, which has been allocated Rs 4,78,196 crore in the Budget 2021-2022.
Expenditure on salaries of armed forces and civilians, modernisation of armed forces, production establishments, maintenance, and research and development organisations were the major issues of the meeting.
The 31-member Committee that includes 21 parliamentarians from the Lok Sabha and 10 from the Rajya Sabha also discussed issues of large pension expenditure, lower capital outlay, and high import dependence for defence procurement.