• UGI USER
  • Apr 12, 2024
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CONSOLIDATED BUDGET FOR THREE SERVICES ENSURES NO CAPITAL FUND SHORTAGE.

Why in the news ?

Consolidation of defence budget ensures no capital fund shortage for Indian Air Force; streamlining procurement and enhancing flexibility.

source:BS

About the Capital Funds Consolidation:

  • The Indian Air Force (IAF) assures no shortage of capital funds due to consolidation in the defence budget for 2024-25.
  • Previously, capital funds were allocated separately to the Army, Navy, and Air Force until February 2024.
  • A 10-year plan, the Integrated Capability Development Programme will be finalised by the Integrated Defence Staff (IDS) headquarters.
  • Inputs from service headquarters and the Chief of Defence Staff will contribute to the programme’s preparation.
What is Integrated Defence Staff (IDS)?

  • Coordinates and prioritises activities across Indian Armed Forces branches.
  • Comprises representatives from Army, Navy, Air Force, Ministry of External Affairs, DRDO, Ministry of Defence, and Ministry of Finance.
  • Headed by Chief of Integrated Defence Staff and Deputy Chiefs.
  • Established on December 24, 2019, by the Cabinet Committee on Security (CCS).
  • Advises and assists the Chief of Defence Staff, a four-star general overseeing the defence forces and Department of Military Affairs.

Source:

https://www.thehindu.com/news/national/no-shortage-of-funds-due-to-consolidation-of-capital-budget-of-three-services-says-iaf/article68054123.ece#:~:text=There%20will%20be%20no%20shortage,been%20allotted%20to%20the%20Services.