Defence Minister A.K.Antony today dedicated Indian Navy's Financial Information System in New Delhi. The system has been adopted for managing budgeting and expenditure of navy assets located at various places across the country on line. Dedicating the system Antony said, it is a major initiative in a field of financial management that Indian navy has adopted.

He said, all the departments of the government should follow the timely initiative. He said defence budget has been increased to 2 lakh crore rupees and it is the high time for proper management of the budget for transparency and accuracy.