Navy ex-vice chief Nayyar to Jaitley: increase Defence Budget to 3% of GDP

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Navy ex-vice chief Nayyar to Jaitley: increase Defence Budget to 3% of GDP

The Budget for 2016-17 is around the corner and all eyes are now on Finance Minister Arun Jaitley. Should the government spend more, or keep its wallet shut? The global economy wades through crashing commodity prices and unsure policy moves and shaky investors. In the midst of this India has to decide which course to take, to ensure jobs to millions of youth joining the workforce every year. We at Catch bring you a series with a focus on all sections of the population and their requirements from Mr Jaitley's Budget.

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Defence will be one of the biggest focus areas in the Union Budget 2016.

In an earlier piece, Catch examined how the underutilisation of funds was the biggest problem that Arun Jaitley needed to tackle.

Also read - #NotesForMrJaitley 6: underutilisation of defence funds is biggest concern

Catch speaks to Vice Admiral (retd) KK Nayyar, a former vice-chief of Naval staff, on the Defence Budget, on the allegation that the Army, Navy and Air Force over pitch their financial requirements, and why a huge amount of funds remain unspent.

Nayyar talks about how accountability and coordination are the need of the hour. He also explains why the conflict between political decisions and military demands is a traditional problem. He hopes this budget will see better rationalisation and utilisation of funds.

What are your thoughts on the defence budget?

Do we need more accountability and better coordination?

Is there an allocation gap leading to faulty procurement?

Bureaucrats allege that the armed forces tend to overpitch for money. Is this a correct assessment?

Why is there such a severe underutilisation of funds?

More in Catch - #NotesForMrJaitley 7: set realistic targets, build credibility

#NotesForMrJaitley 5: Don't listen to everything the babus say

#NotesforMrJaitley 3: How to tackle the subsidy beast without harming the poor

Sourjya Bhowmik & Shadab Moizee @Catchnews