Fund crunch to have adverse impact on key defence projects

With the defence capital budget raised by just Rs 7,162 crore --- a 9% rise from the 2012-13 budgetary estimate of Rs 79,578 crore to this year’s allocation of Rs 86,740 crore --- the threat of delay hangs over several major arms purchases, including the Multi-Role Tanker Transport (MRTT) for the Indian Air Force (IAF); the army’s mountain strike corps...

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