Defence Budget

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.

India's military spending for the year 2021 was ranked as the third highest in the world, the government said citing data collated by Stockholm-based defence think-tank SIPRI.

Emphasising the need for self-reliance and sufficiency in critical defence requirements, the Chief of the Indian Army staff, General Manoj Pande, on Thursday, said that a budget of 9,000 crore has already been given to Indian Defence industries.

Defence pensions have been a major part of Government's expenses. Under the Union Budget for 2022-23, pension pay-outs amount to Rs 1,19,696 crore

The Defence Ministry today said it had set aside 64 per cent of the capital acquisition budget for domestic industry in the financial year 2021-22 and has been able to "over achieve" the target.

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.

Defence Minister Rajnath Singh makes a statement in Rajya Sabha on the "Inadvertent firing of Missile" that landed in Pakistan last week.

China today hiked its annual defence budget by 7.1 per cent to USD 230 billion from last year's USD 209 billion.

The Defence Ministry will create a panel with representatives from all three services to monitor its budget spending so that it is fully utilised in time, Defence Minister Rajnath Singh said today.

Cyber security is no longer limited to just the digital world as it has now become a matter of national security, Prime Minister Narendra Modi said today.

Prime Minister Narendra Modi will deliver the inaugural address of the post-budget webinar of the Ministry of Defence on 'Aatmanirbharta in Defence - Call to Action' on Friday.

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.

Defence Minister Rajnath Singh on Tuesday described as an "excellent move" the proposal in the Union Budget to set aside 25 per cent of the defence R&D budget for start-ups and private entities in the financial year 2022-23.

With an objective to reduce dependence on imports of defence equipment, India will earmark 68 per cent of its capital procurement budget of the defence sector for the domestic industry, Finance Minister Nirmala Sitharaman said on Tuesday.

The Congress launched an all-out attack on the government, accusing it of deceiving Parliament, duping the Supreme Court, hijacking democracy, and indulging in treason, after a media report claimed India bought the Pegasus spyware from Israel as part of a defence deal in 2017.

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.

India's military spending for the year 2021 was ranked as the third highest in the world, the government said citing data collated by Stockholm-based defence think-tank SIPRI.

Emphasising the need for self-reliance and sufficiency in critical defence requirements, the Chief of the Indian Army staff, General Manoj Pande, on Thursday, said that a budget of 9,000 crore has already been given to Indian Defence industries.

Defence pensions have been a major part of Government's expenses. Under the Union Budget for 2022-23, pension pay-outs amount to Rs 1,19,696 crore

The Defence Ministry today said it had set aside 64 per cent of the capital acquisition budget for domestic industry in the financial year 2021-22 and has been able to "over achieve" the target.

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.

Defence Minister Rajnath Singh makes a statement in Rajya Sabha on the "Inadvertent firing of Missile" that landed in Pakistan last week.

China today hiked its annual defence budget by 7.1 per cent to USD 230 billion from last year's USD 209 billion.

The Defence Ministry will create a panel with representatives from all three services to monitor its budget spending so that it is fully utilised in time, Defence Minister Rajnath Singh said today.

Cyber security is no longer limited to just the digital world as it has now become a matter of national security, Prime Minister Narendra Modi said today.

Prime Minister Narendra Modi will deliver the inaugural address of the post-budget webinar of the Ministry of Defence on 'Aatmanirbharta in Defence - Call to Action' on Friday.

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.

Defence Minister Rajnath Singh on Tuesday described as an "excellent move" the proposal in the Union Budget to set aside 25 per cent of the defence R&D budget for start-ups and private entities in the financial year 2022-23.

With an objective to reduce dependence on imports of defence equipment, India will earmark 68 per cent of its capital procurement budget of the defence sector for the domestic industry, Finance Minister Nirmala Sitharaman said on Tuesday.

The Congress launched an all-out attack on the government, accusing it of deceiving Parliament, duping the Supreme Court, hijacking democracy, and indulging in treason, after a media report claimed India bought the Pegasus spyware from Israel as part of a defence deal in 2017.