Defence Budget Of India
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"70% Equipment Vintage": Army Officer Says Defence Budget Dashed Hopes
In a scathing assessment of the defence budget, a top Army officer has told parliament's standing committee that 68 per cent of the Army's equipment is vintage era and the army's budget isn't enough to pay for even existing projects, let alone fund any immediate modernisation.
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India Among World's Top Five Defence Spenders: Report
India is among the world's top five defence spenders with its military budget at $50.7 billion, overtaking Saudi Arabia and Russia, according to a new report released today.
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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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Enhance Budget, China Spending More on Research and Development: DRDO
Defence Research and Development Organisation (DRDO) today sought enhanced budget saying that China was spending close to 20 per cent of its defence outlay on research and development (R&D) as compared to a mere 5-6 per cent in India.
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"70% Equipment Vintage": Army Officer Says Defence Budget Dashed Hopes
In a scathing assessment of the defence budget, a top Army officer has told parliament's standing committee that 68 per cent of the Army's equipment is vintage era and the army's budget isn't enough to pay for even existing projects, let alone fund any immediate modernisation.
-
India Among World's Top Five Defence Spenders: Report
India is among the world's top five defence spenders with its military budget at $50.7 billion, overtaking Saudi Arabia and Russia, according to a new report released today.
-
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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Enhance Budget, China Spending More on Research and Development: DRDO
Defence Research and Development Organisation (DRDO) today sought enhanced budget saying that China was spending close to 20 per cent of its defence outlay on research and development (R&D) as compared to a mere 5-6 per cent in India.
