Chidambaram warns on defence cuts

Finance minister P Chidambaram warned on Wednesday that cuts in the security budget could affect the country's defence preparedness and said he will spend more money on security when the economy recovers.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead master your money SME Special
moneycontrol.com

Home » News » Current Affairs

Feb 06, 2013, 09.05 PM | Source: Reuters

Chidambaram warns on defence cuts

Finance minister P Chidambaram warned on Wednesday that cuts in the security budget could affect the country's defence preparedness and said he will spend more money on security when the economy recovers.

Like this story, share it with millions of investors on M3

Chidambaram warns on defence cuts

Finance minister P Chidambaram warned on Wednesday that cuts in the security budget could affect the country's defence preparedness and said he will spend more money on security when the economy recovers.

Post Your Comments

Share Cancel

Finance minister P Chidambaram warned on Wednesday that cuts in the security budget could affect the country's defence preparedness and said he will spend more money on security when the economy recovers.

"A cutback on expenditure on defence or police will severely compromise our defence and security preparedness," FM P Chidambaram said in a speech defending recent economic reforms aimed at reviving growth.

"It is therefore a self-evident truth that growth is the key to greater public welfare and greater security," he said in a speech on national security at a defence think-tank. "Provided we can grow at a higher rate we can provide more money," he said.

Chidambaram has driven cuts in spending, including USD 1.9 billion to defence acquisitions, in an attempt to meet a tough fiscal deficit target, sources told Reuters last week.

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Chidambaram warns on defence cuts

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login