Defence Expenditure

Govt taps MSMEs, startups for defence tech, sanctions Rs 1,264 cr projects

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

From jobs to MSP, what has changed in Congress' manifesto from 2019

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 increases its defence budget 7.2% as it pushes for global heft

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 ...

Europe's higher defence expenditure may hit exports

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

Defence ministry signs Rs 2,269 cr deal with Bharat Electronics Limited

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

Army marches slowly to modernisation as Air Force, Navy lead in spending

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

Govt announces positive indigenisation list to boost defence manufacturing

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

Guns vs Butter-5: 'India can make do with defence spend of 2% of GDP'

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

Prison resources inadequate despite 24% jump in budget allocation in 5 yrs

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

Garden Reach Shipbuilders soars 13%, hits new high on strong outlook

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

Budget 2022: 68% capex for Defence set aside for domestic procurement

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

India's defence acquisitions guided by national security, says MEA

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

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

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

Money requested for equipment modernisation slashed by 38 per cent

Best of BS Opinion: Sugarcane pricing, higher tax-GDP, and more

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

Resource crunch

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

Ensuring military capability

There is little urgency in govt's approach to modernisation

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

Govt clears purchase of 83 indigenous Tejas light combat aircraft

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