The 15th Finance Commission on Friday said it will consider suggestions to increase the overall capital space of the Ministry of Defence and thus help it enhance the country's defence preparedness.
A meeting in this regard was held between the commission's chairman N K Singh and Defence Minister Rajnath Singh here, an official release said.
In July, a notification was brought out by the Ministry of Finance following an order made by the President of India.
By this order, the Terms of Reference (ToR) of the commission was amended.
As per the revised ToR, "The Commission shall also examine whether a separate mechanism for funding of defence and internal security ought to be set up, and if so, how such a mechanism could be operationalised."
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