Reports: CAG rapped MoD for ''over-estimation'' of requirement of funds and ''poor planning'' for procurement and projects; Medium-Range Loitering Missile for Indian Army
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    • Reports noted that the CAG rapped the MoD for ''over-estimation'' of requirement of funds and ''poor planning'' for procurement and projects, leading to non- utilisation of budgetary allocation which results in ''persistent large savings''. The Comptroller and Auditor General (CAG) also criticized the ministry for excess expenditure under certain heads without budgetary provisions for them.1

    Meanwhile, the Indian Army is all set to acquire medium-range loitering missile in a bid to upgrade its artillery, according to the Defence Ministry's annual report. It can strike at a target after hovering over it for 30 minutes and sending in critical data on the enemy. The army needs the missile to carry a conventional warhead, and anti-tank and anti-material warheads with deep armour penetration capability. Israel Aerospace Industries and US' Lockheed Martin are the two major loitering missile developers and manufacturers.2

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