Twitter
Advertisement

Armed forces spent just over Rs7,000 crore till July

The Indian Air Force has been given the highest allocation of Rs23,482.43 crores of which Rs4,062 crores has been spent, defence minister AK Antony said in reply to a query.

Latest News
article-main
FacebookTwitterWhatsappLinkedin

Of the Rs43,799 crores allocated to the defence forces for acquisition of weapon systems, only Rs7,550 crores has been spent by the three services till July 31, the Lok Sabha was informed today.

The Indian Air Force has been given the highest allocation of Rs23,482.43 crores of which Rs4,062 crores has been spent, defence minister AK Antony said in reply to a query.

A number of big ticket deals including contracts for 12 VVIP helicopters, six C-130 J Hercules aircraft have been signed by the force.

Indian armed forces are undergoing large-scale modernisation and are expected to spend over $80 billion in the next decade for making purchases of weapon systems and defence equipment.

After not being able to utilise the procurement funds in last three-four years, the defence ministry overspent by 4% in the last fiscal.

In 2009-10, the ministry was allocated Rs40,367.72 crores for capital acquisitions but later on the figure was revised to Rs35,146.88 crores.

However, at the end of the last fiscal, it had spent Rs38,427 crores.

Replying to another query, the minister said the army was constructing low-cost houses for serving and retired Personnel Below Officer Ranks (PBOR) 0and the widows of jawans.

Under the scheme, houses have been constructed in Jaipur, Pune and Allahabad and planning for construction of houses has been taken up at Belgaum (Karnataka), Bhatinda (Punjab), Secunderabad (Andhra Pradesh) and Dehradun (Uttarakhand).

Find your daily dose of news & explainers in your WhatsApp. Stay updated, Stay informed-  Follow DNA on WhatsApp.
Advertisement

Live tv

Advertisement
Advertisement