Defence Ministry not spending funds wisely enough, suggests FM

March 06, 2014 18:20

Against the backdrop of recent submarine mishap, Finance Minister P Chidambaram today suggested that the Defence Ministry is not spending the funds "wisely" enough and contended the maintenance of the military assets was being neglected.

He insisted that the Finance Ministry provides "a lot of money" to the Defence Ministry and "I sincerely hope that the defence forces will learn a lesson and make sure that the money allotted to them is spent more wisely and more efficiently on essential matters."

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