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)?
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