Armed forces wait for a funds boost from Budget
10 months, 4 weeks ago

Armed forces wait for a funds boost from Budget

Hindustan Times  

Next week, the Union government will place an interim budget before Parliament. The Union budget pays for maintaining the Army, Navy and Air Force and provides support to defence public sector units and the research and development related to defence. The Army’s budget in 2023-24 shows that 70% of the 3.41 lakh crore allocation went to salaries and pensions, while modernisation accounted for just 9% and maintenance of existing equipment received 10%. A year ago, speaking on the eve of Army Day in January 2023, current chief General Manoj Pande said 45% of the equipment was vintage, 41% current and only 12-18% was state of the art. To deal with the burden of pensions, which account for almost a quarter of our defence budget, the government has forced the armed forces to accept the Agniveer scheme, in which 75% of the recruits are discharged after four years with a one-time payment.

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History of this topic

India's Defence Production Hits ₹1.27 Lakh Cr
2 months, 4 weeks ago

India's Defence Production Hits ₹1.27 Lakh Cr

Deccan Chronicle  

New Delhi:India's defence production reached a record high of ₹1.27 lakh crore in 2023-24, with exports of military hardware and weapons to over 90 countries, defence minister Rajnath Singh announced on Wednesday. The 'Make in India' programme, introduced under Prime Minister Narendra Modi’s leadership, has driven significant reforms across sectors, particularly in defence, according to Singh. He highlighted the country's …

India’s defence budget 2024: Hits and misses
4 months, 1 week 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 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 to spend 12.9% of Budget 2024 on defence. But how does it stack up against China?
5 months ago

India to spend 12.9% of Budget 2024 on defence. But how does it stack up against China?

Firstpost  

The Centre has allocated Rs 6.21 lakh crore from the Union Budget to defence spending – up from 5.94 lakh crore in 2023. The defence ministry has kept aside Rs 1.05 lakh crore – 75 per cent of the modernisation budget – to buy from Indian firms. The Centre also increased the defence pension budget to Rs 1.41 lakh crore …

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

India’s Defence Dilemma: Balancing Ambition with Limited Resources
7 months ago

India’s Defence Dilemma: Balancing Ambition with Limited Resources

News 18  

The Bharatiya Janata Party has been extremely efficient in producing headline-catching election manifestoes in 2014 and 2019 and especially again last month for the 2024 elections. Defence allocation has plummeted from a high of 3.5 per cent in the Congress rule in the late 1980s to less than 2 per cent today, even when the GDP has risen exponentially. As …

India 4th largest military spender in 2023, says new Sipri report
8 months ago

India 4th largest military spender in 2023, says new Sipri report

Hindustan Times  

NEW DELHI: India was the fourth largest military spender in the world in 2023 with an expenditure of $83.6 billion after the United States, China and Russia, the Stockholm International Peace Research Institute said in a report published on Monday. Pokhran: Indian military personnel during the Exercise Bharat Shakti, in Pokhran, Rajasthan, in March India’s spending was 4.2% higher than …

Defence Budget 2024: Govt Allocates Rs 6.2 Lakh Crore, Launches New Scheme To Boost Deep-Tech
10 months, 3 weeks 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, …

India sets aside ₹6.21 lakh crore for defence, announces new scheme for deep tech
10 months, 3 weeks ago

India sets aside ₹6.21 lakh crore for defence, announces new scheme for deep tech

Hindustan Times  

India on Thursday set aside ₹6.21 lakh crore for defence spending in the interim budget for 2024-25, with the defence ministry saying that the critical sector continues to receive the highest allocation among all ministries. India’s defence budget stood at ₹5.93 lakh crore last year, including a capital outlay of ₹1.62 lakh crore. “A new scheme will be launched for …

Budget may focus on welfare, infra, adhere to fisc glide path
10 months, 3 weeks 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 …

Union Budget 2024 Expectation: Defence Sector Seems Positive On Upcoming Budget
10 months, 4 weeks ago

Union Budget 2024 Expectation: Defence Sector Seems Positive On Upcoming Budget

ABP News  

The Indian defence sector finds itself at a pivotal moment amid simmering geopolitical tensions and an increased emphasis on self-reliance in strategic technology. With the Union Budget 2024 announcement scheduled for February 1, the defence sector expects some adjustments in fund allocations. In the budget for the fiscal year 2023-24, the defence sector was allocated Rs 5.94 lakh crore, marking …

India’s defence budgeting and the point of deterrence
1 year ago

India’s defence budgeting and the point of deterrence

The Hindu  

The Medium Multi-Role Combat Aircraft programme of the Indian Air Force earned the sobriquet of being the ‘mother of all procurements’ due its cost, pegged at around $10 billion in 2007. Need for judicious assessment The question is whether ‘affordable defence’ — due to the perennial guns versus butter dilemma — will be the driving factor. Though the research and …

From jet engines to RPAS: How US is sharpening India’s edge in defence
1 year, 5 months ago

From jet engines to RPAS: How US is sharpening India’s edge in defence

Hindustan Times  

The upcoming mega deals with the United States for jet engines and weaponised remotely piloted aircraft systems have turned the spotlight on the US’s role in equipping the Indian military with modern weapons and systems, the capability boost it has provided to the armed forces, and the country’s attempts to diversify its arms purchases, officials aware of the matter said …

Budget 2023: Jeremy Hunt reveals £11bn for defence spending
1 year, 9 months ago

Budget 2023: Jeremy Hunt reveals £11bn for defence spending

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Jeremy Hunt said Rishi Sunak’s government would add £11bn to Britain’s …

China boosts defence budget by 7.2% amid 'security challenges'; Where does India stand?
1 year, 9 months ago

China boosts defence budget by 7.2% amid 'security challenges'; Where does India stand?

India TV News  

China's defence budget: China, which has been facing an economic slowdown, has announced to increase in the defence budget by 7.2 this year. China sets economic growth at around 5% The top economic official set this year’s growth target at “around 5%” following the end of anti-virus controls that kept millions of people at home and triggered protests. According to …

75 percent of defence capital budget earmarked for domestic firms: Rajnath Singh
1 year, 10 months ago

75 percent of defence capital budget earmarked for domestic firms: Rajnath Singh

Deccan Chronicle  

NEW DELHI: In a major move to push “Make in India”, defence minister Rajnath Singh on Wednesday announced that 75 per cent of funds allocated in Union Budget 2023-24 for equipping the Army, Navy and Air Force with new weapons and technology will be spent on purchases from domestic industry. In the Union Budget, the capital outlay which goes in …

Defence Budget 2023-24: Neither Here nor There
1 year, 10 months ago

Defence Budget 2023-24: Neither Here nor There

The Quint  

The meagre increase in the military's capital budget is disheartening for military planners, who can see their fiscal room for manoeuvre shrinking. The procurement of Rafale-M jets for the aircraft carrier, INS Vikrant, and Project-75I for submarine acquisition will almost certainly be on hold this year. The pension outlay has been increased this year to Rs 1.38 lakh crore, up …

India keeps aside Rs90,000 Cr in Budget 23-24 for fuel, ammo, spares with eye on China, Ukraine war
1 year, 10 months ago

India keeps aside Rs90,000 Cr in Budget 23-24 for fuel, ammo, spares with eye on China, Ukraine war

Firstpost  

This amount, which is around Rs 90,000 crore will be used for maintenance of weapons, equipment and other assets, replenishing stocks of fuel and ammunition and procurement of critical spares along with other capabilities. This amount excludes pay and other allowances New Delhi: Even as India’s defence budget saw a significant hike of around 13% for the financial year 2023-24, …

Budget 2023 | Defence budget rises 13%; revised estimate for pension rises
1 year, 10 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: Defence spending increased by 13% to Rs 5.94 lakh crore
1 year, 10 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 …

Upcoming budget to accelerate Make in India momentum in defence sector
1 year, 10 months ago

Upcoming budget to accelerate Make in India momentum in defence sector

India TV News  

With the Union Budget for 2023 set to be announced soon, there is a lot of anticipation about whether it will provide the necessary impetus to speed up the momentum for Make in India in defence. BUDGET 2023: FULL COVERAGE One of the main challenges facing the defence sector in India is the lack of a robust domestic defence industry. …

Kamal Davar | More bangs for the buck: What FM must ensure for the military
1 year, 10 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 …

Expectations From Union Budget 2023: The Great Leap Forward
1 year, 10 months ago

Expectations From Union Budget 2023: The Great Leap Forward

News 18  

As an annual accounting exercise for the nation, the Union Budget has been a fairly prosaic thing with incremental steps, underlined– almost always– by a constraint from the resources available. The last year’s budget for FY23 speeded things up considerably when capital expenditure for infrastructure development was enhanced by 24 percent to Rs 7.5 trillion, more than double of what …

Budget 2023: Here's How Much Govt Has Allocated To Defence Sector In Last Five Years
1 year, 10 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 …

Data | Agnipath: With 34 lakh military pensioners, pensions form >50% of defence budget
2 years, 6 months ago

Data | Agnipath: With 34 lakh military pensioners, pensions form >50% of defence budget

The Hindu  

June 20, 2022 05:07 pm | Updated 05:38 pm IST One key reason for the Agnipath scheme, which aims to recruit defence personnel in short-term contracts, could be to reduce increasing pension payments in the Army, Navy, and Air Force. Share of defence budget The chart shows the defence pension budget and the defence R&D budget as a share of …

Pakistan increases defence budget to Rs 1,523 bn; hikes spending by 11 per cent
2 years, 6 months ago

Pakistan increases defence budget to Rs 1,523 bn; hikes spending by 11 per cent

India TV News  

Highlights Pak's defence budget is the second biggest annual expenditure component after debt payments Last year, the country spent Rs 1,450 billion in defence spending Pak Finance Minister presented Rs 9,502-billion annual budget in Parliament for fiscal 2022-23 Pakistan on Friday announced that it will allocate Rs 1,523 billion for defence, an increase of over 11 per cent than last …

India\'s military spending 3rd highest in world after US, China: Reports
2 years, 7 months ago

India\'s military spending 3rd highest in world after US, China: Reports

Deccan Chronicle  

Stockholm : World military expenditure reached an all-time high of USD 2.1 trillion in 2021, the Stockholm International Peace Research Institute said on Monday, adding that the top three largest spenders were the United States, China and India. US military spending reached USD 801 billion in 2021, a drop of 1.4 per cent from 2020, the statement said. India's military …

Defence Ministry Forms Panel to Look into Capital Budget Spend on Domestic Purchases
2 years, 8 months ago

Defence Ministry Forms Panel to Look into Capital Budget Spend on Domestic Purchases

News 18  

The Ministry of Defence has set up a committee headed by a senior government official to oversee expenditure of the capital budget earmarked for procurements from the domestic industry in 2022-23 and ensure its full utilisation, News18 has learnt. News18 was the first to report on April 9 that the ministry, in 2021-22, has met the set target of spending …

India to boost arms output, fearing shortfall from Russia
2 years, 8 months ago

India to boost arms output, fearing shortfall from Russia

Associated Press  

NEW DELHI — India on Thursday said it would ramp up its production of military equipment, including helicopters, tank engines, missiles and airborne early warning systems, to offset any potential shortfall from its main supplier Russia. “Our objective is to develop India as a defense manufacturing hub,” Defense Minister Rajnath Singh said Thursday while releasing a list of military equipment …

India to boost arms output, fearing shortfall from Russia
2 years, 8 months ago

India to boost arms output, fearing shortfall from Russia

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. "Our objective is to develop …

With Defence Spend Below 1% of GDP in Last 5 Years, Parl Panel Wants More Focus on Funding R&D
2 years, 9 months ago

With Defence Spend Below 1% of GDP in Last 5 Years, Parl Panel Wants More Focus on Funding R&D

News 18  

India’s defence expenditure has remained less than 1% of its GDP in the last five years, data provided by the government to a parliamentary panel shows. “In comparison to defence funding in countries such as the US, Russia, and China, our defence spending is very less,” the panel said in the report. “As per published data, India is funding 6% …

From Germany to China, how Russia-Ukraine conflict is forcing the world to ramp up defence budgets
2 years, 9 months ago

From Germany to China, how Russia-Ukraine conflict is forcing the world to ramp up defence budgets

Firstpost  

Russia’s invasion of Ukraine has prompted many countries to hike their defence budgets. Romania: President Klaus Iohannis said that his country would push defence spending to 2.5 per cent of GDP, from the current 2 per cent mark. China: Beijing too has increased its defence spending in 2022 by 7.1 per cent to $229 billion, up from a 6.8 per …

Facilitate the optimisation of the Defence Budget
2 years, 9 months ago

Facilitate the optimisation of the Defence Budget

Hindustan Times  

Defence budgeting is a tricky exercise since the services and strategic experts are seldom satisfied. A high proportion of revenue expenditure militates against the very philosophy of efficient defence expenditure management that should graduate towards capital expenditure. Ephemeral support like this year’s higher allocation for capital expenditure or even institutionalised support like the non-lapsable Modernisation Fund for Defence and Internal …

Sanjaya Baru | More ‘bang for the buck’ in defence: New thinking vital
2 years, 10 months ago

Sanjaya Baru | More ‘bang for the buck’ in defence: New thinking vital

Deccan Chronicle  

Public discussion on the Union Budget quite understandably focuses on government spending in a range of areas that directly impact people’s lives like infrastructure, agriculture and rural development, education, health care, social welfare and so on. This year’s Budget papers show that total budgeted spending on defence as a percentage share of total Central government expenditure remains unchanged at around …

Collaboration with Private Industry to Meet Defence Needs Right Call, Bureaucracy Must Not Scuttle It
2 years, 10 months ago

Collaboration with Private Industry to Meet Defence Needs Right Call, Bureaucracy Must Not Scuttle It

News 18  

National security is so closely linked to economy that a country cannot sustain continued expenditure on defence unless it is backed by a vibrant economy. India now takes prides in being home to world-class private industry which is capable of manufacturing even the most sensitive and technologically advanced equipment, probably with foreign collaboration and technology sharing, hence, they must be …

Union Budget 2022 | Marginal hike in defence budget, emphasis on Make in India
2 years, 10 months ago

Union Budget 2022 | Marginal hike in defence budget, emphasis on Make in India

The Hindu  

In a further push for Make in India in defence,the Union government on Tuesday announced additional measures to boost domestic manufacturing and reduce imports. Of the ₹5.25 lakh crore for defence this year, the revenue allocation is ₹2.33 lakh crore, capital allocation ₹1.52 lakh crore and defence pensions ₹1.19 lakh crore. Within this, of the ₹1.52 lakh crore capital allocation …

Budget 2022: With IOR Focus, Navy Gets 43% Capital Outlay Hike, Army Modernisation Funds Dip 12.2%
2 years, 10 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 …

Budget 2022: Rajnath Singh welcomes announcement for defence sector
2 years, 10 months ago

Budget 2022: Rajnath Singh welcomes announcement for defence sector

India TV News  

Highlights Defence Minister Rajnath Singh said the budget outlines the govt's focus on 'Aatmanirbharta' Rajnath said substantial amounts allocated towards research and development in several sectors It's a growth oriented Budget focused on harnessing energies of New India: Rajnath Singh Union Budget 2022 : Defence Minister Rajnath Singh on Tuesday described the proposal in the Union Budget as an "excellent …

Army, IAF Struggle to Exhaust Capital Budget, Defence Minister Asks to Expedite Spending
2 years, 10 months ago

Army, IAF Struggle to Exhaust Capital Budget, Defence Minister Asks to Expedite Spending

News 18  

The defence services have recorded an unusually slow pace of expenditure of their capital budgets so far for 2021-22, even as the financial year draws to a close in little more than two months, News18.com has learnt. Defence sources told News18.com that, so far, the Army has spent the lowest — approximately 40% — of its capital budget for the …

Defence Diary: Too Much Focus on China Game PLAN; Why Navy Should Get Bigger Slice of Budget Pie
2 years, 10 months ago

Defence Diary: Too Much Focus on China Game PLAN; Why Navy Should Get Bigger Slice of Budget Pie

News 18  

It’s that time of the year when government officials indulge in aggressive discussions behind the closed doors of South Block over the exact funds that should be earmarked for the Indian Armed Forces in the next financial year. For instance, in 2020-21, the revised estimates and the actual expenditure of the Navy were Rs 37,542 crore and about Rs 41,600 …

Pakistan’s Defence Budget Rises to 18.4%, But at What Cost?
3 years, 8 months ago

Pakistan’s Defence Budget Rises to 18.4%, But at What Cost?

News 18  

When it comes to currency distribution that runs a country, Pakistan believes in taking more from its citizens than giving it to them even if it compromises health services and education needs, the two most fundamental necessities of every common, poor man to survive and grow in life. According to the Pakistan’s 2020-21 budget, the current estimated expenditure is PKR …

China boosts defence spending to $209 billion, over three times that of India
3 years, 9 months ago

China boosts defence spending to $209 billion, over three times that of India

Firstpost  

Beijing: China on Friday hiked its defence budget for the first time to more than US $200 billion, over three times higher than that of India, maintaining a single-digit growth for the sixth consecutive year with a 6.8 percent increase in 2021. This year’s planned defence spending will be about 1.35 trillion yuan, state-run Xinhua news agency reported, adding that …

Defence Budget 2021: Myths and Realities of the defence budget infrastructure
3 years, 10 months ago

Defence Budget 2021: Myths and Realities of the defence budget infrastructure

The Quint  

“Immense expense is mainly in defence” has a pleasing rhyme but does not reflect reality. The reality is that the total allocation for defence in the Union Budget 2021-22 is Rs 4.78 lakh crore including defence pensions, which is a marginal hike compared to Rs 4.71 lakh crore last year, a paltry increase of 1.48 percent as compared to 1.82 …

Budget Was for 1% of Population, Gave Wrong Message to China By Not Hiking Defence Allocation: Rahul Gandhi
3 years, 10 months ago

Budget Was for 1% of Population, Gave Wrong Message to China By Not Hiking Defence Allocation: Rahul Gandhi

News 18  

Congress leader Rahul Gandhi on Wednesday strongly criticised the Union Budget, saying it was for one per cent of the population and gave a wrong message to China by not significantly raising defence allocation. Addressing a press conference, Gandhi said the conditions in India are "dangerous" which require Prime Minister Narendra Modi to take quick action. "It requires that the …

Defence Budget 2021: Increased capital expenditure much-needed step in context of rising Chinese threat
3 years, 10 months ago

Defence Budget 2021: Increased capital expenditure much-needed step in context of rising Chinese threat

Firstpost  

While the defence Budget presented on Monday reflected only a minor hike in allocation, a reflection of the heightened tensions along the Line of Actual Control could be seen in unbudgeted spending and an increased push towards capital expenditure. In a tweet, Defence Minister Rajnath Singh thanked Prime Minister Narendra Modi and Sitharaman for increasing the defence Budget to Rs …

Defence Budget 2021: Guns over butter
3 years, 10 months ago

Defence Budget 2021: Guns over butter

India Today  

Among the most closely anticipated items in Budget 2020-21 was the defence budget. The Rs 4.78 lakh crore defence budget saw a modest hike of a little over Rs 6,000 crore or 1.4 per centamong the most meagre increments in recent years. The defence budget is usually hiked by around 10 per cent or roughly Rs 40,000 crore each year. …

Budget 2021: Small increase in defense spending even as China standoff simmers
3 years, 10 months ago

Budget 2021: Small increase in defense spending even as China standoff simmers

Live Mint  

India increased its defense spending by about 1%, throwing the timing of its military modernization program into doubt while it faces a protracted standoff with China along their disputed Himalayan border. India’s expenditure is about a quarter that of China’s -- in May 2020, Beijing announced a yearly defense budget $178.6 billion, according to data from the Center for Strategic …

Defence Budget: Amid LAC Rift, FM Nirmala Sitharaman Augments Defence Capital Expenditure By 19%
3 years, 10 months ago

Defence Budget: Amid LAC Rift, FM Nirmala Sitharaman Augments Defence Capital Expenditure By 19%

ABP News  

At a time when India is engaged in a prolonged border tiff with China near Line of Actual Control in eastern Ladakh, Union Finance Minister Nirmala Sitharaman has allocated Rs 4.78 lakh crores for the defence ministry. Reacting to this, Defence Minister Rajnath Singh thanked Prime Minister Narendra Modi and Sitharaman for increasing the defence budget. Praising the budget, the …

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