Tag Archives: Finance Minister

Drdo

LIVE INDIA EXCLUSIVE

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Live India News Desk | Written on 5 Apr, 2014 at 20:51 in India |Ghadar-Aaj-Raat

Live India exposed how national security is compromised by the goverment. Itis related to Balco i,e Bharat aluminium company limited located in Korba,Chattisgarh.
The story talks about a chinese company named SEPCO being awarded a contract for setting up of a power unit inside BALCO, a Navratna company. At BALCO,DRDO’s research and development centre is in operation.They are making aluminium alloys like AA2014 ,AA2219 etc for different kind of missiles.
They are also producing various kinds of aerospace material for ISRO and Vikram Sarabhai space centre.Apart from this missile casing,designing and assembling is also being done here.
Vedanta,a UK based company,being the majority stake holder(51 percent) took the arbitrary decision of giving the contract to a chinese company SEPCO for setting a power unit inside BALCO thus compromising the national security interest.Interestingly SEPCO went a step further by subletting construction work to a company called Gannon Dunkerley.
This company claims to be an Indian company but it has its business interest mostly in Dubai,Abudhabi,Gulf and middle-east. This was done despite govt of India’s instructions that contract should be given to an indian company.The Govt of India remained a silent spectator to Vedanta’s decision.No action was taken.
Prior to entry of the chinese a shocking incident took place at BALCO. Missile proof and design were stolen from BALCO.Adding to that Vedanta,the 51percent stake holder in Balco sold missile assembly line under the pretext of it being oldwith taking due permission or clearance from defence ministry and other security agencies.
A congress MP Dadai dubey wrote a letter to then prime minister and home minister about it.But no action was taken.Now the govt has approved complete disinvestment of BALCO in favour of Vedanta.Finance minister P.chidambaram was non executive director of Vedanta from Nov 2003 till 22nd may,2004 a day before formation of UPA1.
He was given finance portfolio in the UPA govt.Allegation is that he facilitated complete disinvestment of BALCO, a Navratna company in favour of Vedanta.

Drdo

DRDO – Revenue and Build up

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14th November 2011

To
The Defence Minister
Room No -104, South Block
New Delhi – 110011

Reference: a)  Your letter No 1409-VIP/RM/2011 dated 21st March 2011
                       b)  Your letter No 1409-VIP/RM/2236 dated 20th May 2011

Honorable Sir,

During UPA-I you assured the nation to fixing accountability on DRDO an organisation which has never been questioned since its inception in 1958.

Sir, until 1980 the cost of projects were few crores but due to the visionary thought of then Prime Minister late Smt. Indira Gandhi the projects/programs were planned for self reliance in south east Asia and in particular in the Indian sub continent. The neighbors Pakistan and China were supporting each other to keep their upper hand but nothing deterred Smt. Gandhi to take decisions which may culminate to self reliance in the defence sector.

Initially the projects were planned collecting inputs from the literature available elsewhere. The proposals worked out where the cost benefit ration never assessed.

The changing technology was constraint and therefore projects/ programs during 90’s were given extensions time repeatedly, in some cases without enhancing the cost, where the cost was enhanced with proper justification were made. The examples are LCA, MBT, SAMYUKTA (EW) etc.

Easy methods were worked out under the guys defence secret to persue the projects beyond sanctioned time, without financial implications. Today in the last ten years the projects/ programs for which PDC extended did not consume more than 7000 crores rupees an amount equal to the annual budget of DRDO.

What is the fall out?

The revenue and buildup money sanctioned for running the projects were diverted to meet the day to day expenses of the projects the projects/ programs, which were running on PDC extensions. The manpower, the infra structure, the electricity bills, the salary, the TA/DA expenses were more than the cost of build up.

This imbalance between revenue and buildup was supposed to be checked by finance ministry.

Without active project and constant engagement of manpower in dead project resulted in to growing incompetency of laboratories.

What to talk about the Scientist ‘G’, Scientist ‘B’ were started giving justifications for the failures and compared the annual expenditure of DRDO as the expenditure meet to counter the natural calamity like earth quake.

Then the top brass of DRDO says 100 crores projects is not a big amount for DRDO. Indian Air Force is losing every alternate day on a MIG-21.

Let SA to RM justify the extensions of services to his beloved/blue eyed boys.

Sir, there are hope of Indian people with you please fix accountability on DRDO.

At least the finance ministry should cross check the equal flow of money in revenue and build up.

Thanking you 

Regards     
Prabhu Dayal Dandriyal
21-Sunderwala, Raipur, Dehradun-248008
Phone – 2787750, Mobile- 9411114879,
E-mail id prabhudoon@gmail.com,  prabhu@dandriyal.com Website –  www.corruptionindrdo.com
 
Copy to
1.       Prime Minister, PMO, south Block, New Delhi – 110011
2.       Finance Minister, North Block, New Delhi – 110011
3.       Smt. Sonia Gandhi, Chairperson, United Progressive Alliance  Fax no.23018651