Defence Allocation In Budget
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Interim Budget 2024: Defence Budget Pegged At Rs 6.21 Lakh Crore For 2024-25
Interim Budget 2024: In a modest hike, the government on Thursday 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
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Budget 2024: Defence Ministry Gets Highest Allocation, Agriculture Lowest
Finance Minister Nirmala Sitharaman today presented her sixth Union Budget in a row, equalling the record of former Prime Minister Morarji Desai. The Interim Budget indicated the government's focus on women, youth and farmers in an election year.
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Cash-Strapped Pak Allocates Rs 1.8 Trillion For Defence In Budget 2024
Cash-strapped Pakistan on Friday hiked defence spending by 15.5 per cent and allocated over Rs 1.8 trillion, as the government unveiled a Rs 14.4 trillion budget for 2023-24 as it battled to fend off a looming default due to shrinking foreign reserve
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Transparent Decision-Making Necessary For Combat Readiness: Rajnath Singh
Defence Minister Rajnath Singh today while underlining the need to expand the defence budget to over Rs 6 lakh crore said that it is necessary to spend the fund allocated in the present budget "timely" to achieve country's combat readiness.
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MPs' Panel Warns Against Military Funding Cut, Cites Border Tension
Adequate budgetary allocations must be made available to the armed forces in view of the present scenario of heightened tensions with certain neighbouring countries, the Parliamentary Standing Committee on Defence said on Wednesday.
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Rs 5.25 Lakh Crore Allocated For Defence Budget, 9.7% Rise Than Last Year
The defence budget was on Tuesday increased to Rs 5.25 lakh crore for 2022-23 from last year's allocation of Rs 4.78 lakh crore with a major push on ensuring self-reliance in manufacturing of military platforms.
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India Should Aim To Be Among World's Top 3 Naval Powers In 10-12 Years: Rajnath Singh
Defence Minister Rajnath Singh on Thursday said the naval base being developed here under "Project Seabird" should be Asia's biggest, and he would try to get budget allocation enhanced for it, if required.
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Budget Gives 19% More Buying Power To Defence Forces, Highest In 15 Years
The Union Budget made a 19 per cent higher allocation for the country's armed forces to buy new weaponry compared to last year and the highest in the last 15 years. The Union Budget presented by Finance Minister Nirmala Sitharaman today pegged the defence budget at Rs 4.78 lakh crore, which includes a capital expenditure budget of Rs 1.35 lakh cror...
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Parliamentary Panel Slams Centre For Inadequate Funds In Defence Budget
A parliamentary panel today came down hard on the Modi government for inadequate allocation of funds for the armed forces in the defence budget, saying the country cannot afford complacency in dealing with security challenges, particularly when there was a possibility of a two-front war.
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Armed Forces Not Reeling Under Shortage Of Funds: Nirmala Sitharaman
Defence Minister Nirmala Sitharaman today rejected a parliamentary panel's findings that the three services were reeling under severe shortage of funds, saying adequate financial resources have been allocated to them in the last four years.
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In Arun Jaitley's Budget, Defence Share At Lowest Since Independence
India's defence budget is up by about 5.6 per cent this year but it is at its lowest as a component of the Gross Domestic Product (GDP) since Independence.
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Government Recalibrates Foreign Military Sales Account In US
The government has "recalibrated" the management of an account, which was used to pay money to the US under Foreign Military Sales (FMS) route, after a review showed that nearly Rs 15,400 crore (USD 2.3 billion) had piled up without earning any interest, Defence Minister Manohar Parrikar today said.
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To Manufacture Defence Equipment, Reliance Signs Strategic Pact
For collaboration in maintenance, repair and overhaul category, the Anil Ambani-led Reliance Defence Ltd has signed a strategic pact with Emirates Defence Industries Company (EDIC).
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Pakistan Defence Ministry Demands Increase in Military Budget
Pakistan defence ministry has sought more allocation for its armed forces for acquisition and mobilisation of new weapon system, ahead of the next budget that will be announced in the first week of June.
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What is 'one rank, one pension'
Finance Minister P Chidambaram announced a 10 per cent hike in the defence budget while delivering his interim budget speech. Rs. 500 crore of the budget would be allocated for implementing the 'one rank, one pension' rule.
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Interim Budget 2024: Defence Budget Pegged At Rs 6.21 Lakh Crore For 2024-25
Interim Budget 2024: In a modest hike, the government on Thursday 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
-
Budget 2024: Defence Ministry Gets Highest Allocation, Agriculture Lowest
Finance Minister Nirmala Sitharaman today presented her sixth Union Budget in a row, equalling the record of former Prime Minister Morarji Desai. The Interim Budget indicated the government's focus on women, youth and farmers in an election year.
-
Cash-Strapped Pak Allocates Rs 1.8 Trillion For Defence In Budget 2024
Cash-strapped Pakistan on Friday hiked defence spending by 15.5 per cent and allocated over Rs 1.8 trillion, as the government unveiled a Rs 14.4 trillion budget for 2023-24 as it battled to fend off a looming default due to shrinking foreign reserve
-
Transparent Decision-Making Necessary For Combat Readiness: Rajnath Singh
Defence Minister Rajnath Singh today while underlining the need to expand the defence budget to over Rs 6 lakh crore said that it is necessary to spend the fund allocated in the present budget "timely" to achieve country's combat readiness.
-
MPs' Panel Warns Against Military Funding Cut, Cites Border Tension
Adequate budgetary allocations must be made available to the armed forces in view of the present scenario of heightened tensions with certain neighbouring countries, the Parliamentary Standing Committee on Defence said on Wednesday.
-
Rs 5.25 Lakh Crore Allocated For Defence Budget, 9.7% Rise Than Last Year
The defence budget was on Tuesday increased to Rs 5.25 lakh crore for 2022-23 from last year's allocation of Rs 4.78 lakh crore with a major push on ensuring self-reliance in manufacturing of military platforms.
-
India Should Aim To Be Among World's Top 3 Naval Powers In 10-12 Years: Rajnath Singh
Defence Minister Rajnath Singh on Thursday said the naval base being developed here under "Project Seabird" should be Asia's biggest, and he would try to get budget allocation enhanced for it, if required.
-
Budget Gives 19% More Buying Power To Defence Forces, Highest In 15 Years
The Union Budget made a 19 per cent higher allocation for the country's armed forces to buy new weaponry compared to last year and the highest in the last 15 years. The Union Budget presented by Finance Minister Nirmala Sitharaman today pegged the defence budget at Rs 4.78 lakh crore, which includes a capital expenditure budget of Rs 1.35 lakh cror...
-
Parliamentary Panel Slams Centre For Inadequate Funds In Defence Budget
A parliamentary panel today came down hard on the Modi government for inadequate allocation of funds for the armed forces in the defence budget, saying the country cannot afford complacency in dealing with security challenges, particularly when there was a possibility of a two-front war.
-
Armed Forces Not Reeling Under Shortage Of Funds: Nirmala Sitharaman
Defence Minister Nirmala Sitharaman today rejected a parliamentary panel's findings that the three services were reeling under severe shortage of funds, saying adequate financial resources have been allocated to them in the last four years.
-
In Arun Jaitley's Budget, Defence Share At Lowest Since Independence
India's defence budget is up by about 5.6 per cent this year but it is at its lowest as a component of the Gross Domestic Product (GDP) since Independence.
-
Government Recalibrates Foreign Military Sales Account In US
The government has "recalibrated" the management of an account, which was used to pay money to the US under Foreign Military Sales (FMS) route, after a review showed that nearly Rs 15,400 crore (USD 2.3 billion) had piled up without earning any interest, Defence Minister Manohar Parrikar today said.
-
To Manufacture Defence Equipment, Reliance Signs Strategic Pact
For collaboration in maintenance, repair and overhaul category, the Anil Ambani-led Reliance Defence Ltd has signed a strategic pact with Emirates Defence Industries Company (EDIC).
-
Pakistan Defence Ministry Demands Increase in Military Budget
Pakistan defence ministry has sought more allocation for its armed forces for acquisition and mobilisation of new weapon system, ahead of the next budget that will be announced in the first week of June.
-
What is 'one rank, one pension'
Finance Minister P Chidambaram announced a 10 per cent hike in the defence budget while delivering his interim budget speech. Rs. 500 crore of the budget would be allocated for implementing the 'one rank, one pension' rule.
