Defence Expenditure

India's transformation into a defence tech hub is being driven by initiatives to promote innovation, self-reliance, and collaboration among startups, MSMEs, and academia

Lok Sabha elections 2024: The manifesto pledged to conduct a nationwide Socio-Economic and Caste Census to assess caste and sub-caste demographics along with their socio-economic status

China on Tuesday increased its defence budget by 7.2 per cent to USD 232 billion as it continues with the massive modernisation of its military amid prevailing tensions over Taiwan, the disputed South China Sea as well as border frictions with India. China, which is the second highest spender on defence after the US, has allocated 1.67 trillion yuan (about USD 232 billion) for defence spending. The increase in terms of the percentage was the same as last year. China last year hiked its defence budget by 7.2 per cent to 1.55 trillion yuan (about USD 225 billion), marking the eighth consecutive year of increase in its military spending. Like its previous budgets, this year's defence budget of China was almost three times higher than that of India. India's defence allocation this year amounted to Rs 6,21,541 crore (about USD 74.8 billion). China has simmering territorial disputes with some of its neighbours. China views Taiwan as a rebel province that must be reunified with the ...

To find more resources to fund higher defence expenditure, Europe may have to raise taxes or cut government spending on welfare and other development activities

The project will generate employment of two and half lakh man-days over a period of four years with the participation of more than 155 industry partners, including MSMEs, the company said

A large part of Army's funds allocation goes towards meeting recurring expenses

India on Wednesday announced a fresh list of 98 military hardware including complex systems, sensors, weapons and ammunition that will only be only be procured from domestic industry after a ban on their import kicks in under a staggered time-line. Defence Minister Rajnath Singh made the announcement about the fifth positive indigenisation list at the 'Swavlamban 2.0' seminar organised by the Indian Navy. The key items included in the list are futuristic infantry combat vehicle, remotely piloted airborne vehicles (up to 25 km range with payload of 2 kg for Army), shipborne unmanned aerial system, medium upgrade low endurance class tactical drone, next generation low-level light radar for Army and electro optic fire control system for naval platforms. The list also comprised armour plates for cabin nose section for Mi-17 helicopter, multifunction aviation ground equipment for Air Force, gravity rollers for Mi-17 V5 helicopter and flares of P-8I and MiG 29-K aircraft. The new "positi

The last of a 5-part series points out that the Standing Committee on Defence report says India will not be able to absorb much more on defence

In 2021, govt spent Rs 1,624.4 crore, or 77%, on undertrials alone

A strong order book for construction of 16 warships concurrently for Indian Armed Forces at this juncture holds exciting times ahead for the GRSE, the company said

The minister said that defence research and development will be opened up for the industry, startups and academia with 25% of defence research and development budget earmarked

MEA also said that while India has a comprehensive global strategic partnership with the US, it shares a special and privileged strategic partnership with Russia

Here are the best of Business Standard's opinion pieces for Friday

Boosting its capital expenditure does not require a great deal of money

Money requested for equipment modernisation slashed by 38 per cent

Here's a selection of Business Standard opinion pieces for the day

Higher tax-GDP is a must for financing security and development

There is little urgency in govt's approach to modernisation

Budget allocations for 2021-22 are skewed, with the IAF allocated Rs 53,215 crore, the Navy Rs 35,904 crore, and the Army getting Rs 36,532 crore

India's largest indigenous defence procurement deal is worth Rs 45,696 cr