Page 3 - Defence Budget

Pakistan hikes defence budget by over 11%; allocates Rs 1,523 billion

The budget showed that debt servicing has risen to 29.1 per cent of the budget, making it the single largest expenditure and accounting for 45.4 per cent of the current expenditure

China hikes defence budget by 7.1% to $230 bn, three times India's spending

China's hike in defence spending comes amid the People's Liberation Army's growing incidents of muscle-flexing in the strategic Indo-Pacific region

China hikes defence budget by 7.1% to $230 bn from last yr's $ 209 bn

The hike is over three times that of India's defence budget of Rs 5.25 trillion (about $70 billion) for 2022.

'MoD to create panel to monitor budget spending for full utilisation'

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 on Friday. The government's commitment to reducing imports and modernising armed forces with indigenous technology has been given further impetus in this budget, he said in his speech during a post-budget webinar. Singh said he is sure that the Defence Ministry has noted all the valuable suggestions received and deliberated during the webinar and has also drawn an action plan for time-bound implementation of the budget announcements for atmanirbharta (self-reliance) in defence. "For promoting industry-led research and development (R&D) efforts, I would sanction at least five projects under Make-I during the financial year 2022-23," he mentioned. Projects under 'Make-I' category involve government funding of 90 per cent, released in a phased manner and based on the progress of the scheme, as ...

A bigger, not better, defence budget

Even as the total allocation has increased, it has fallen as a percentage of GDP

Budget 2022: Will 68% earmarking boost indigenous defence manufacturing?

Budget 2022 proposals seem to give a big push to Make in India in defence with 68% of capital procurement allocation earmarked for domestic industry. What does this mean for India's defence industry?

Best of BS Opinion: Some stability returns, view from the edge & more

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

Military should fund its own modernisation

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

Pakistan govt unveils Rs 8.5 tn FY budget, defence gets Rs 1,370 bn

Pakistan government on Friday proposed Pakistani rupees 8,487 billion budget for the next financial year with a fiscal deficit target at 6.3 per cent of gross domestic product (GDP)

Defence Budget: Military gets 28% less budget than it projected

Money requested for equipment modernisation slashed by 38 per cent

China hikes defence budget to $209 billion, 6.8 per cent increase

China on Friday increased its defence budget to $209 billion, a 6.8 per cent hike compared to the last year

Import embargo on 101 defence items would encourage self-reliance: PM Modi

Modi underscored the opportunities the government has created for the private sector by bifurcating the capital procurement budget into separate domestic and foreign procurement routes

Rahul Gandhi slams Centre for 'betraying India's defenders' in Union Budget

The Wayanad MP has been time and again slamming the Centre and its policies

Increase in capital outlay of Defence amid pandemic is huge step: IAF Chief

Defence forces received more than 18 per cent hike over last year in capital outlay meant for acquisition of new weapon systems

Best of BS Opinion: Defence budget, policy on disinvestment, and more

Here are the top BS Opinions of the day

Reading the defence budget tea leaves

MoD has managed the defence budget well in a difficult year, but long-term fixes are needed

Defence allocation remains same, IAF gets highest capital boost in Budget

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

Spend, earn, tax: Finances of Union Budget 2021 explained in nine charts

Taxes on individual incomes will now bring more revenue to the government than taxes on corporate profits

Navy finds itself fighting for relevance 49 years after Operation Trishul

The Navy's share of the defence Budget has declined from 18 per cent in 2012 to approximately 13 per cent, says Admiral Karambir Singh.

Covid policy response: Rural spending skyrockets, defence bears the brunt

Free provision of food, cash transfers, and jobs in villages see enhanced flow of funds despite a precipitous fall in revenue