A parliamentary panel on Friday flagged concerns about the India’s military modernisation taking a hit because of inadequate funds made available for buying new weapons and systems in this year’s budget. The panel pointed out that the capital budget for 2020-21 was 35% less than the requirement projected by the armed forces.
In a report tabled in the Lok Sabha, the Parliamentary Standing Committee on Defence pointed out that insufficient budgetary allocation would affect acquisition of latest weaponry, aircraft, ships and tanks that are required to match the modernisation of the Chinese and Pakistani militaries. Read More…