Defence Budget 2021

Budget 2021 Increases Allocation For Capital Defence Expenditure To 18.75%

Budget 2021 Increases Allocation For Capital Defence Expenditure To 18.75%

Edited by Nikita Prasad | Tuesday February 02, 2021

Budget 2021: Out of the total allocation, Rs 1.35 lakh crore has been set aside for capital outlay for buying new weapons, aircraft, warships, and other military hardware.

Budget 2021: Defence Sector May Receive Higher Budgetary Allocation, Says HDFC Securities

Budget 2021: Defence Sector May Receive Higher Budgetary Allocation, Says HDFC Securities

Edited by Peter Noronha | Monday February 01, 2021

The central government had hiked the defence budget by six per cent last year; an amount of Rs 4,71,378 crore was allocated to the defence sector, which included expenditure on salaries and pensions.

Budget 2021: Defence Allocation Expected To Be Hiked To Sanitise Neighbourhood

Budget 2021: Defence Allocation Expected To Be Hiked To Sanitise Neighbourhood

Edited by Nirmalya Sen | Monday February 01, 2021

Budget 2021: China and Pakistan are likely to prompt more money allocation for the defence forces for the second straight year

Finance Commission To Set Up Panel For Proposal To Levy Defence Cess

Finance Commission To Set Up Panel For Proposal To Levy Defence Cess

ANI | Saturday February 01, 2020

The biggest hike in allocation for defence forces came in the defence pension as the budget went up to Rs 1.33 lakh crore from last year's Rs 1.17 lakh crore allocated last year.

Rs 3.37 Lakh Crore Allocated For Defence Budget

Rs 3.37 Lakh Crore Allocated For Defence Budget

Press Trust of India | Saturday February 01, 2020

Out of total allocation, Rs 1.13 lakh crore has been set aside for capital outlay to purchase new weapons, aircraft, warships and other military hardware,

Budget 2020: Defence Sector Needs Money For Modernisation, Say Experts

Budget 2020: Defence Sector Needs Money For Modernisation, Say Experts

Written by Sakshi Bajaj | Saturday February 01, 2020

Commodore C Uday Bhaskar (Retired), Director, Society for Policy Studies said, "My expectation is that Budget 2020 will be a meaningful redress of the imbalance in the defence allocation, wherein the capital component of the total fiscal allocation for defence will be brought back to the optimum of 40 per cent-.

Review Exemption Of Import Duty For Indian Defence Forces, Says CII

Review Exemption Of Import Duty For Indian Defence Forces, Says CII

Edited by Abhishek | Thursday January 16, 2020

CII has suggested that the duty exemption should be extended to the domestic defence industry on import of raw material, components or parts required for manufacturing defence systems.

India Aiming At $250-Billion Maritime Economy By 2024: Defence Secretary

India Aiming At $250-Billion Maritime Economy By 2024: Defence Secretary

Press Trust of India | Sunday January 12, 2020

The maritime economy constitutes nearly five per cent of the world economy, Defence Secretary Ajay Kumar said.

Defence Sector Does Not Have Enough Money For Modernisation: Experts

Defence Sector Does Not Have Enough Money For Modernisation: Experts

Written by Sakshi Bajaj | Friday July 05, 2019

Ashwani Siwach former head of Territorial Army said defence budget allotment is only 6 per cent more than last year's budget.

Budget 2019: Modest Rise In Military Spending Likely, Modernisation On Hold, Says Official

Budget 2019: Modest Rise In Military Spending Likely, Modernisation On Hold, Says Official

Thomson Reuters | Wednesday July 03, 2019

In an interim budget announced in February before national elections, the government allocated Rs 4.31 lakh crore ($62.27 billion) for defence, a 6.6 per cent rise over the previous year, raising concern at the time it wouldn't be enough for modernisation.

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