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India needs stronger armed forces with modern equipment to become a developed nation by 2047, Defence Minister Rajnath Singh said on Sunday while underlining the need for effective utilisation of financial resources by the three services.
Describing the Defence Accounts Department (DAD) as the "guardian of defence finance", he emphasised the need to bolster the internal vigilance mechanism so that any suspicious activity can be detected and reviewed immediately.
“There should be a fine balance between the demands of services and the allocation of available resources,” he said in Delhi during the launch of several digital initiatives of the Defence Accounts Department (DAD) during its 276th annual day celebrations.