14 March 2018

Shrinking Vital Defence Funds a Matter of Worry – Kashmir Muddle with Pak



Shrinking Vital Defence Funds a Matter of Worry – Kashmir Muddle with Pak

Overall shortage under the capital head according to Army Vice Chief Lt. Gen. Sarath Chand 12,296 Crore.

The funds are under pressure due to NPA, Forex Transaction by Bank of Baroda, Indian Bank Axis Bank and PNB and creation of fugitive like Mallya, Subrata Roy, Modi, Choksi and Kotharis etc.

In case, immediate funds not provided to Defense emergency purchase could hamper operations.

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