At the end of November 2012, the compiled expenditure on capital acquisition was INR 33,379.11 crore against the allocated budget of INR 66,032.24 crore, which works out to 50.55 per cent of the allocation at an average of 6.32 per cent every month. Going by this average, the expenditure at the end of the FY 2013 would be around 76 per cent, resulting in underutilization to the extent of approximately 16,850 crore. This could be highly embarrassing for the Ministry of Defence (MoD)........Read More

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