15th Finance Commission Holds Meeting With Indian Defence Minster Rajnath Singh 15th Finance Commission Holds Meeting With Indian Defence Minster Rajnath Singh

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15th Finance Commission holds meeting with Indian Defence Minster Rajnath Singh

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The Union Minister for Defence, Shri Rajnath Singh in a meeting with the Chairman of the 15th Finance Commission, Shri N.K. Singh
The Union Minister for Defence, Shri Rajnath Singh in a meeting with the Chairman of the 15th Finance Commission, Shri N.K. Singh, in New Delhi on August 30, 2019.

New Delhi. 02 September 2019. The Fifteenth Finance Commission, headed by  N.K. Singh, held a meeting with the Ministry of Defence led by the Defence Minister Rajnath Singh recently where MoD gave its Fund Projections for the period 2020-2025 which is also the award period of the 15th Finance Commission. The Ministry informed the Commission about the allocated budget for MoD in comparison to the projections made.

MoD officials apprised the Commission that it was exploring a number of alternative sources of funding.The Finance Commission assured MoD that it would take into consideration all the suggestions made that would help to increase the overall capital space of the  Ministry, bring about predictability and help the Ministry in its defence preparedness.

The Union Minister for Defence, Shri Rajnath Singh in a meeting with the Chairman of the 15th Finance Commission, Shri N.K. Singh
The Chairman of the 15th Finance Commission, Shri N.K. Singh calling on the Union Minister for Defence, Shri Rajnath Singh, in New Delhi on August 30, 2019.

It may be recalled that a notification was brought out by the Ministry of Finance on 29 July, 2019 following an Order made by the President of India. By this Order, the Terms of Reference (ToR) of the 15th Finance Commission was amended and Paragraph 9A was inserted in the ToR namely: “The Commission shall also examine whether a separate mechanism for funding of defence and internal security ought to be set up, and if so, how such a mechanism could be operationalised.”

It is in follow-up of this revised ToR that today’s meeting was held. It was attended by Chief of Naval Staff Admiral Karambir Singh, Defence Secretary Dr Ajay Kumar, Secretary (Defence Production) Subhash Chandra, Secretary (Ex-Serviceman Welfare), Sanjeevanee Kutty, Secretary, Department of Defence R&D and Chairman, DRDO Dr. G Satheesh Reddy, Secretary (Defence Finance) Gargi Kaul, Vice Chief of Army Staff Lt Gen Devraj Anbu, Vice Chief of Air Staff Air Marshal RKS Bhadauria and Director General, Coast Guard  Krishnaswamy Natarajan and other senior officials of MoD.

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