more-inAs part of the efforts to build up emergency reserves of spares and ammunition, the Army has sought ₹20,000 crore from the Ministry of Defence (MoD). This comes at the same time the MoD has sought ₹20,000 crore more to meet its financial requirement. We have asked for ₹20,000 crore for the next round of orders. According to MoD officials, Defence Secretary Sanjay Mitra put forward a proposal early this month to the Finance Ministry for allocation of ₹20,000 crore, besides the defence budget of ₹2.74 lakh crore for 2017-2018. While a part of the extra-allocation could go towards routine expenses, some of it would be used for urgent capital procurements, officials said.

Source: The Hindu August 27, 2017 15:33 UTC