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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.