Defence Ministry's year-end report highlights border readiness, record budget
1 week, 6 days ago

Defence Ministry's year-end report highlights border readiness, record budget

India Today  

The Defence Ministry on Friday released its year-end report, summarising major developments in the Indian Army, defence budget, and the ambitious Gaganyaan programme. INDIAN ARMY OPERATIONS Operational Readiness: The Indian Army maintained a high state of operational preparedness along the Line of Actual Control and Line of Control, conducting counter-terrorist operations while focusing on infrastructure development in border areas under the government’s "Viksit Bharat Vision". DEFENCE BUDGET The defence budget for Financial Year 2024-25 reached a record allocation of Rs 6.22 lakh crore, marking an 18.43 per cent increase from FY 2022-23. The key spending includes 27.66 per cent for capital expenditures, prioritising domestic industry procurement, 30.66 per cent for pay and allowances, and 22.70 per cent for pensions.

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History of this topic

India’s defence budget 2024: Hits and misses
4 months, 4 weeks ago

India’s defence budget 2024: Hits and misses

Hindustan Times  

The defence sector budget allocation remained the same as the interim budget allocation, with finance minister Nirmala Sitharaman presenting the full budget on July 23, 2024, after the formation of the new government. Even though the budgetary allocation to the Defence Research and Development Organisation has increased to ₹23,855 crore in FY 2024-25 from ₹23,263.89 crore in FY 2023-24, there …

Budget 2024: Defence gets more at ₹6.22 lakh crore, boost for BRO’s projects
5 months, 2 weeks ago

Budget 2024: Defence gets more at ₹6.22 lakh crore, boost for BRO’s projects

The Hindu  

Union Finance Minister Nirmala Sitharaman allocated ₹6.22 lakh crore for the defence sector in 2024-25 which is almost the same as in the interim Budget presented in February. Follow LIVE updates from the Union Budget 2024 on July 23, 2024 The allocation of ₹6.22 lakh crore for the defence sector is 4.79% higher compared to the Budget Estimates of last …

India defence budget 2024: ₹6.21 lakh crore allocated; minister Rajnath Singh reacts
5 months, 2 weeks ago

India defence budget 2024: ₹6.21 lakh crore allocated; minister Rajnath Singh reacts

Hindustan Times  

India has set aside ₹6,21,940 crore for defence spending in the Union Budget 2024-25 – up from last year's outlay of ₹5.94 lakh crore – finance minister Nirmala Sitharaman announced as she presented the Union Union Budget 2024 on Tuesday. The total allocation to the defence sector is 12.9 per cent of the total budget of the government of India …

Budget 2024: How much defence funding was allocated during the interim budget passed in February?
5 months, 2 weeks ago

Budget 2024: How much defence funding was allocated during the interim budget passed in February?

India TV News  

In a modest hike, the government had in its last interim budget, increased the defence budget to Rs 6.21 lakh crore for 2024-25 from last year's allocation of Rs 5.94 lakh crore and announced an ambitious scheme for "deep-tech" technologies in the military domain. In the interim Union budget presented in Parliament by Finance Minister Nirmala Sitharaman in February, a …

2024 Interim Budget | Government to consolidate the demand of three Services in defence allocation
11 months, 1 week ago

2024 Interim Budget | Government to consolidate the demand of three Services in defence allocation

The Hindu  

In a significant measure to bring jointness in the procurements of the armed forces, the Government has decided to consolidate the demand of the three services in the capital head of the defence budget based on similar items of expenditure such as land, aircraft and aeroengines, heavy and medium vehicles among others. The allocation of ₹6.2 lakh crore is 4.72% …

Defence Budget 2024: Govt Allocates Rs 6.2 Lakh Crore, Launches New Scheme To Boost Deep-Tech
11 months, 1 week ago

Defence Budget 2024: Govt Allocates Rs 6.2 Lakh Crore, Launches New Scheme To Boost Deep-Tech

ABP News  

New Delhi: In the Interim Union Budget 2024, Finance Minister Nirmala Sitharaman on Thursday allocated Rs 6.21 lakh crore for defence spending, a hike of Rs 27,000 crore compared to the previous year. In the budget, a total of Rs 1.72 lakh crore was set aside to the military for capital expenditure that largely includes purchasing new weapons, aircraft, warships, …

Budget may focus on welfare, infra, adhere to fisc glide path
11 months, 1 week ago

Budget may focus on welfare, infra, adhere to fisc glide path

Hindustan Times  

New Delhi India will meet its fiscal deficit target of 5.9% of GDP in 2023-24, and largely adhere to the envisaged glide path to bring it below 4.5% by 2025-26 on the back of robust GDP growth, buoyant tax collections, and better targeting of expenditure, officials familiar with the matter said, adding that public spending on welfare schemes and infrastructure …

Budget 2023 | Defence budget rises 13%; revised estimate for pension rises
1 year, 11 months ago

Budget 2023 | Defence budget rises 13%; revised estimate for pension rises

The Hindu  

The Union Budget presented in Parliament by Finance Minister Nirmala Sitharaman on Wednesday allocated ₹5.94 lakh crore for the Defence Ministry, a 13% increase year-on-year from last year’s budget estimates. The overall revised estimates for 2022-23 for defence stood at ₹5.85 lakh crore and this year’s allocation represents a 1.5% increase. Of this year’s defence budget, ₹2.7 lakh crore is …

Budget 2023: NATGRID, Police Modernisation, LWE Projects See Big Jump in Allocation
1 year, 11 months ago

Budget 2023: NATGRID, Police Modernisation, LWE Projects See Big Jump in Allocation

News 18  

With focus on police modernisation, NATGRID and Left-Wing Extremism, allocation for the Union Home Ministry in Budget 2023 increased marginally from Rs 1.85 crore to Rs 1.96 crore, a 6% rise over the previous year. The major areas of expenditure will be NATGRID, which has seen a massive jump of more than 100% in allocation, and police modernisation where the …

Budget 2023: Defence spending increased by 13% to Rs 5.94 lakh crore
1 year, 11 months ago

Budget 2023: Defence spending increased by 13% to Rs 5.94 lakh crore

India Today  

Finance Minister Nirmala Sitharaman on Wednesday earmarked Rs 5.94 lakh crore for the Defence Ministry for the financial year 2023–24, which is a hike of around 13 per cent compared to last financial year. The allocation for the Defence Ministry is to be 13 per cent higher than what it was allocated in the Union Budget last year, which was …

Kamal Davar | More bangs for the buck: What FM must ensure for the military
1 year, 11 months ago

Kamal Davar | More bangs for the buck: What FM must ensure for the military

Deccan Chronicle  

On February 1, Union finance minister Nirmala Sitharaman will be presenting the anxiously awaited Union Budget for the fiscal year 2023-24. Most analysts surmise that, notwithstanding the overall financial health of the nation, the defence budget owing to diverse forthcoming challenges may witness a hike of 10-15 per cent in allocations and thus be in the region of Rs 6.6 …

Budget 2023: Here's How Much Govt Has Allocated To Defence Sector In Last Five Years
1 year, 11 months ago

Budget 2023: Here's How Much Govt Has Allocated To Defence Sector In Last Five Years

ABP News  

The announcement of the Union Budget for the year 2023-2024 is just a few days away. Take A Look At The Share Of Funds Allocated To Defence Sector In The Union Budget In Last Five Years: 2018-2019 In the year 2018-19, the Ministry of Defence was allocated Rs 4,04,365 crore for expenditure across the various services, production establishments, and research …

Budget 2022: With IOR Focus, Navy Gets 43% Capital Outlay Hike, Army Modernisation Funds Dip 12.2%
2 years, 11 months ago

Budget 2022: With IOR Focus, Navy Gets 43% Capital Outlay Hike, Army Modernisation Funds Dip 12.2%

News 18  

Emphasising the central government’s focus on the Indian Ocean Region and overall maritime security, union finance minister Nirmala Sitharaman on Tuesday announced a massive jump of around 43 per cent in the modernisation funds of the Indian Navy in the defence budget for 2022-23 at Rs 47,590.99 crore. The Indian Air Force retained the biggest share of the forces’ capital …

Union Budget 2021: Developments around LAC, LOC warrant hike in allocation in defence outlay
3 years, 11 months ago

Union Budget 2021: Developments around LAC, LOC warrant hike in allocation in defence outlay

Firstpost  

Due to the major developments in the situation around LAC and LOC in the past year, the defence budget for 2021 is expected to go up. Setting up of Project Management Unit : The DAP 2020 mandates setting up of a PMU to support contract management so as to usher in faster decision making and time-bound defence acquisition process. With …

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