{"id":26110,"date":"2022-02-25T15:22:45","date_gmt":"2022-02-25T09:52:45","guid":{"rendered":"https:\/\/tradebrains.in\/features\/def-rajnath-monitor\/"},"modified":"2022-02-25T15:38:04","modified_gmt":"2022-02-25T10:08:04","slug":"def-rajnath-monitor","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/def-rajnath-monitor\/","title":{"rendered":"Defence Ministry to create panel to monitor budget spending so that it is fully utilised: Rajnath"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1258359961\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The Defence Ministry will create a panel with representatives from all three services to monitor its budget spending so that it is fully utilised in time, Defence Minister Rajnath Singh said on Friday.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2837180623\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>The government&#8217;s commitment to reducing imports and modernising armed forces with indigenous technology has been given further impetus in this budget, he said in his speech during a post-budget webinar.<\/p>\n<p>Singh said he is sure that the Defence Ministry has noted all the valuable suggestions received and deliberated during the webinar and has also drawn an action plan for time-bound implementation of the budget announcements for atmanirbharta (self-reliance) in defence.<\/p>\n<p>&#8220;For promoting industry-led research and development (R&amp;D) efforts, I would sanction at least five projects under Make-I during the financial year 2022-23,&#8221; he mentioned.<\/p><div class=\"trade-content_5\" id=\"trade-3054129795\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>Projects under &#8216;Make-I&#8217; category involve government funding of 90 per cent, released in a phased manner and based on the progress of the scheme, as per terms agreed between the Ministry of Defence and the vendor.<\/p>\n<p>Singh said, &#8220;We would create a monitoring mechanism under Director General-Acquisition, with representatives from all the three services to monitor the budget earmarked, specifically for private industry and startups, so that it is fully utilised.&#8221; He said the Defence Ministry will reform the QA process, so that it is non-intrusive, prevention-based and free from the Inspector-Raj.<\/p>\n<p>&#8220;We would come up with the IDEX-Prime to support projects, requiring support beyond Rs 1.5 crore up to Rs 10 crore. This would help our ever-growing startups in the defence sector,&#8221; Singh mentioned.<\/p>\n<p>&#8220;We have been progressively increasing the capital procurement budget for the domestic industry, with 68 per cent of the capital procurement budget earmarked for 2022-23,&#8221; he noted.<\/p>\n<p>&#8220;I am sure that the domestic industry is fully capable to absorb this enhanced budget. I assure them that the government will continue its pro industry policy initiatives for promoting Make in India with greater zeal,&#8221; he stated. PTI DSP SMN SMN<\/p>\n<div class=\"trade-after-content\" id=\"trade-1670159322\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The Defence Ministry will create a panel with representatives from all three services to monitor its budget spending so that it is fully utilised in time, Defence Minister Rajnath Singh said on Friday. The government&#8217;s commitment to reducing imports and modernising armed forces with indigenous technology has been given further impetus in this budget, he [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":26112,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1697,31,1789],"tags":[],"class_list":["post-26110","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-news","category-trending-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Defence Ministry to create panel to monitor budget spending so that it is fully utilised: Rajnath - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/def-rajnath-monitor\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Defence Ministry to create panel to monitor budget spending so that it is fully utilised: Rajnath\" \/>\n<meta property=\"og:description\" content=\"The Defence Ministry will create a panel with representatives from all three services to monitor its budget spending so that it is fully utilised in time, Defence Minister Rajnath Singh said on Friday. 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