Page 4 - Defence Budget

Defence budget may be slashed by 40%, may save Centre Rs 80,000 crore

Addressing an audience of defence analysts in Delhi, the MoD official confirmed reports that the government had ordered the military to limit its first quarter

China hikes defence budget to $179 bn; nearly three times that of India

China, which has the world's largest military of two million troops, will continue to lower its defence budget growth rate to 6.6% in 2020

Top headlines: RBI slashes repo rate, KKR picks up stake in Jio, and more

Business Standard brings the top headlines of the day

India's defence cost: High on personnel and low on modernisation

The most recent Indian budgetary figures put India's defence expenditure for FY20 at $59.7 bn which is less than SIPRI's estimates and actually puts India at 5th, behind both Russia and Saudi Arabia.

India jumps to third rank in global military expenditure, shows study

Spending grows 6.8% to $71.1 billion in 2019, outpacing Russia and Saudi Arabia

Finance Commission panel to examine separate funding mechanism for defence

The five-member group, to be headed by Finance Commission Chairman N K Singh, comprise secretaries from the ministries of defence, home affairs and finance, besides a member of Commission

Best of BS Opinion: Defence Budget, employment spending, and more

Why stock markets fell on the Budget and is there reason in reducing spending on creating jobs, explain our Opinion pieces today.

Defence spending in austere times

The unusually low 5 per cent increase in allocation in the Budget calls for unorthodox solutions to fund the military

Budget 2020: In a first, defence gets more for pension, less for salaries

Army planners are increasingly worried about this drain on funds that could otherwise go towards equipment modernisation

Budget 2020: In a marginal hike, defence budget raised to Rs 3.37 trillion

The total outlay does not include Rs 1.33 lakh crore set aside separately for payment of pensions

Navy's share in defence allocation drops to 13%; Admiral Singh concerned

Referring to the Navy's modernisation plan, Admiral Singh said it was a fact that the budget for the force has declined from 18% in 2012-13 to 13% in 2018-19

Shekhar Gupta: Our 'joota hai Japani' defence

The past 20 years, under three PMs, have shown us the defence Budget is not about to go higher than its ballpark of 1.5 per cent of GDP, besides pensions

Budget 2019: Govt allots Rs 4.3 trn for defence, down to nearly 2% of GDP

Defence spending is falling in percentage terms even though all military purchases are now subject to GST

Navy and Air Force modernise, Army remains mired in high personnel costs

Budget allocations barely diverge from a simple formula: Give the army 60 per cent, the air force 24 per cent and the remaining 16 per cent to the navy

Defence modernisation budget rises just 5% each year in real terms

With customs duties imposed on defence in 2016 and GST in 2017, capex has fallen even more

Reform defence budgeting

Both allocations as well as expenditure flows need attention

India's gross defence budget expected to reach $112 bn by FY27: Report

The report pointed out that the country's capital expenditure for defence procurement is expected to exceed $250 bn over the next 10 years, primarily to replace the Soviet-era vintage equipment

Defence modernisation hurdles: If Budget is to blame, so is Army leadership

While the govt needs to be condemned for its lackadaisical treatment of defence, army leadership cannot escape the blame either

India's defence budget makes its way to world's top 5, overtakes UK: Report

India continues to modernise its military capabilities, though China still remains a challenge with the world's second-largest defence budget

India is world's fifth largest military spender, US tops list

China is second on the list spending $215 billion, an increase of 5.4 per cent