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 64% of the defence capital budget on procurements from the domestic market. Need for Monitoring Acquisition Plans, Budget The constitution of the panel comes at a time when the government is earmarking increased percentages for capital procurements from the domestic market every financial year in its quest towards full self-reliance in defence. Earlier this month, the defence ministry announced that 25% or Rs 21,149.7 crore of the total modernisation funds for 2022-23 earmarked for indigenous procurements will be set aside for purchases from the private sector.

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History of this topic

Defence Acquisition Council approves ₹21,772 crore capital projects to improve defence preparedness
3 weeks, 1 day ago

Defence Acquisition Council approves ₹21,772 crore capital projects to improve defence preparedness

New Indian Express  

NEW DELHI: In a significant move to enhance defence preparedness, the Defence Acquisition Council, chaired by Defence Minister Rajnath Singh, has approved five major capital acquisition projects worth over ₹21,772 crore. The Ministry of Defence announced the decision on Tuesday, highlighting the procurement's importance for the Indian Navy, Indian Air Force, Indian Army, and the Coast Guard. For the Indian …

Defence ministry approves Rs 1.44 lakh crore for indigenous tanks, radars, planes
3 months, 3 weeks ago

Defence ministry approves Rs 1.44 lakh crore for indigenous tanks, radars, planes

India Today  

The Defence Acquisition Council, chaired by Defence Minister Rajnath Singh on September 3, granted Acceptance of Necessity for 10 capital acquisition proposals worth Rs 1,44,716 crore. The council also approved the procurement of Air Defence Fire Control Radars, which will be instrumental in detecting and tracking aerial targets and providing firing solutions. These vehicles, designed and developed by Armoured Vehicles …

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 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 …

2024 Interim Budget | Government to consolidate the demand of three Services in defence allocation
10 months, 3 weeks 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
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 …

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 …

Defence Acquisition Council approves proposals worth ₹7,800 crore
1 year, 4 months ago

Defence Acquisition Council approves proposals worth ₹7,800 crore

Live Mint  

New Delhi: Defence minister Rajnath Singh-led Defence Acquisition Council has given its nod to proposals worth ₹7,800 crore to enhance the operational capabilities of the Indian Armed Forces, the ministry said in a statement on Thursday. “To enhance the efficiency of the Indian Air Force, the DAC has granted AoN for procurement and installation of Electronic Warfare Suite on Mi-17 …

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 Ministry says increased budget allocation will boost border infrastructure and connectivity
1 year, 10 months ago

Defence Ministry says increased budget allocation will boost border infrastructure and connectivity

Firstpost  

New Delhi: With India facing up to a belligerent China along the Line of Actual Control, the Indian government has initiated a slew of development projects at the Himalayan frontiers. Even as Union Finance Minister Nirmala Sitharaman announced a big hike of around 13% in the defence budget for the 2023-24 fiscal period, a significant amount was also devoted to …

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 …

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 …

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 …

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 …

Budget 2022: Govt committed to reduce imports in defense sector, says FM Sitharaman
2 years, 10 months ago

Budget 2022: Govt committed to reduce imports in defense sector, says FM Sitharaman

India TV News  

Highlights Govt is committed to reduce imports and promote self-reliance in defence sector, says FM Sitharaman FM said that 68 per cent of capital for defence sector would be earmarked for the local industry Sitharaman also said that 5 pc of USO Fund would be provided for R&D and technology upgradation The government is committed to reduce imports and promote …

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 Ministry approves acquisition of arms, military equipment worth Rs 7,965 crore
3 years, 1 month ago

Defence Ministry approves acquisition of arms, military equipment worth Rs 7,965 crore

India TV News  

The Defence Ministry on Tuesday approved the procurement of arms and military equipment worth Rs 7,965-crore, including 12 light utility helicopters from Hindustan Aeronautics Limited, according to an official statement. Besides clearing the proposal to buy 12 helicopters, the DAC approved the procurement of Lynx U2 naval gunfire control system from Bharat Electronics Limited that will enhance the tracking and …

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. …

Union Budget 2021: Developments around LAC, LOC warrant hike in allocation in defence outlay
3 years, 10 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 …

The rising cost of the defence pension bill
3 years, 11 months ago

The rising cost of the defence pension bill

The Hindu  

THE Union Budget 2020-21 highlighted the rising cost of the defence pension bill. While the defence outlay of Rs.4,71,378 crore is 9.37 per cent higher than the budget estimates of 2019-20, the allocation for defence pensions, at Rs.1,33,825 crore, showed a 19.4 per cent increase from the previous year’s allocation of Rs.1,12,080 crore. The periodic increase in salary, pensions and …

Atmanirbhar in defence: India must battle demons within before tackling external threats
4 years, 4 months ago

Atmanirbhar in defence: India must battle demons within before tackling external threats

Firstpost  

Even if the industry bites the bullet and agrees to go full throttle on defence manufacturing, the lack of transparency from the government corridor will hardly instil confidence in the private sector. #AtmanirbharBharat — Rajnath Singh August 9, 2020 “This decision will offer a great opportunity to the Indian defence industry to manufacture the items in the negative list by …

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