Vice-Chief of Army Staff Lt. Gen. Sarath Chand told the Parliamentary standing committee on defence that various efforts taken for modernisation have “received a little setback”. Allocation of ₹21,338 crore for modernisation is insufficient even to cater for committed payment of ₹29,033 crore for 125 on-going schemes, emergency procurements…. The Army’s stand was made available in the report of the standing committee which was tabled in Parliament on Tuesday. Overal shortfallAll streams taken into account, the Army has an overall shortfall of around ₹12,296 crore under the capital head, the report said. The shortfall stands at ₹17,756.92 crore, ₹15,691.70 crore, ₹1,392.58 crore and ₹41,924.57 crore for Army, Navy, Joint Staff and Air Force, respectively.

Source: The Hindu March 13, 2018 16:41 UTC