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  • Best Practices in Financial Management: Accrual Accounting for Defence

    Changes in public financial management across the globe have necessitated India to revisit its traditional methods of managing and depicting its public finances. One of the major changes envisaged is a quest to migrate gradually to accrual accounting from the traditional cash-based accounting.

    2019

    Additional Allocation for Defence – A Challenging Task for MoF

    The government seems to have little fiscal space for accommodating the demand of the armed forces for additional funds, given its quantum on the one hand and the state of its revenues on the other which are already quite stressed.

    September 26, 2019

    Can Fifteenth Finance Commission Resolve Funding Problems of Defence?

    Even if the Fifteenth Finance Commission manages to make a specific recommendation about the funds to be allocated for defence and internal security and the government accepts the recommendation, there can be no guarantee that the actual allocation will not fall short of the accepted level.

    July 24, 2019

    Fallibility of the Fall Clause

    While the purpose of the Fall Clause, a price safety mechanism in rate contracts, is indubitable, some issues concerning its applicability and implications, both for the buyer and the seller, merit a review.

    May 08, 2019

    Demonetisation and Beyond: Addressing the Finance of Terrorism

    Demonetisation is an important step in the fight against the finance of terrorism. However, it should neither be the first nor the last, if the interlinked threats of corruption, crime and the finance of terrorism have to be controlled.

    November 18, 2016

    Public Finance and National Security: Deficit Reduction and the American Military in a Time of Diminished Resources

    The United States faces a budget crisis of proportions with no precedent in its recent history. The country’s economic dominance since the end of World War II has supported a military posture with global reach and influence.

    February 24, 2011

    Defence Budget 2011-12 should go beyond Fiscal Austerity

    Ground reality rather than fiscal prudence should guide the Finance Minister while finalising the defence budget for 2011-12.

    February 23, 2011

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