Defence Allocation In Budget

Interim Budget 2024: In a modest hike, the government on Thursday increased the defence budget to Rs 6.21 lakh crore for 2024-25 from last year's allocation of Rs 5.94 lakh crore and announced an ambitious scheme for "deep-tech" technologies

Finance Minister Nirmala Sitharaman today presented her sixth Union Budget in a row, equalling the record of former Prime Minister Morarji Desai. The Interim Budget indicated the government's focus on women, youth and farmers in an election year.

Cash-strapped Pakistan on Friday hiked defence spending by 15.5 per cent and allocated over Rs 1.8 trillion, as the government unveiled a Rs 14.4 trillion budget for 2023-24 as it battled to fend off a looming default due to shrinking foreign reserve

The defence budget was increased to Rs 5.94 lakh crore for 2023-24 from last year's allocation of Rs 5.25 lakh crore.

Defence Minister Rajnath Singh today while underlining the need to expand the defence budget to over Rs 6 lakh crore said that it is necessary to spend the fund allocated in the present budget "timely" to achieve country's combat readiness.

Adequate budgetary allocations must be made available to the armed forces in view of the present scenario of heightened tensions with certain neighbouring countries, the Parliamentary Standing Committee on Defence said on Wednesday.

The defence budget was on Tuesday increased to Rs 5.25 lakh crore for 2022-23 from last year's allocation of Rs 4.78 lakh crore with a major push on ensuring self-reliance in manufacturing of military platforms.

Defence Minister Rajnath Singh on Thursday said the naval base being developed here under "Project Seabird" should be Asia's biggest, and he would try to get budget allocation enhanced for it, if required.

The Union Budget made a 19 per cent higher allocation for the country's armed forces to buy new weaponry compared to last year and the highest in the last 15 years. The Union Budget presented by Finance Minister Nirmala Sitharaman today pegged the defence budget at Rs 4.78 lakh crore, which includes a capital expenditure budget of Rs 1.35 lakh cror...

The biggest hike in allocation for defence forces came in the defence pension as the budget went up to Rs 1.33 lakh crore from last year's Rs 1.17 lakh crore allocated last year.

Commodore C Uday Bhaskar (Retired), Director, Society for Policy Studies said, "My expectation is that Budget 2020 will be a meaningful redress of the imbalance in the defence allocation, wherein the capital component of the total fiscal allocation for defence will be brought back to the optimum of 40 per cent-.

In an interim budget announced in February before national elections, the government allocated Rs 4.31 lakh crore ($62.27 billion) for defence, a 6.6 per cent rise over the previous year, raising concern at the time it wouldn't be enough for modernisation.

With an allocation of Rs 4,04,365 crore in 2018-19, the Ministry of Defence's total allocation accounts for about 17 per cent of the central government expenditure, though in terms of its share in GDP, it is a little more than two per cent.

Union Tourism Minister KJ Alphons today said that while the annual budgetary allocation of Rs 6,000 for small farmers -- translating to Rs 3.3 a day per person for a family of five -- may not exactly sound like a monetary bonanza in terms of income support, it happens to be the foundation on which greater things can be built in the future.

A parliamentary panel today came down hard on the Modi government for inadequate allocation of funds for the armed forces in the defence budget, saying the country cannot afford complacency in dealing with security challenges, particularly when there was a possibility of a two-front war.

Interim Budget 2024: In a modest hike, the government on Thursday increased the defence budget to Rs 6.21 lakh crore for 2024-25 from last year's allocation of Rs 5.94 lakh crore and announced an ambitious scheme for "deep-tech" technologies

Finance Minister Nirmala Sitharaman today presented her sixth Union Budget in a row, equalling the record of former Prime Minister Morarji Desai. The Interim Budget indicated the government's focus on women, youth and farmers in an election year.

Cash-strapped Pakistan on Friday hiked defence spending by 15.5 per cent and allocated over Rs 1.8 trillion, as the government unveiled a Rs 14.4 trillion budget for 2023-24 as it battled to fend off a looming default due to shrinking foreign reserve

The defence budget was increased to Rs 5.94 lakh crore for 2023-24 from last year's allocation of Rs 5.25 lakh crore.

Defence Minister Rajnath Singh today while underlining the need to expand the defence budget to over Rs 6 lakh crore said that it is necessary to spend the fund allocated in the present budget "timely" to achieve country's combat readiness.

Adequate budgetary allocations must be made available to the armed forces in view of the present scenario of heightened tensions with certain neighbouring countries, the Parliamentary Standing Committee on Defence said on Wednesday.

The defence budget was on Tuesday increased to Rs 5.25 lakh crore for 2022-23 from last year's allocation of Rs 4.78 lakh crore with a major push on ensuring self-reliance in manufacturing of military platforms.

Defence Minister Rajnath Singh on Thursday said the naval base being developed here under "Project Seabird" should be Asia's biggest, and he would try to get budget allocation enhanced for it, if required.

The Union Budget made a 19 per cent higher allocation for the country's armed forces to buy new weaponry compared to last year and the highest in the last 15 years. The Union Budget presented by Finance Minister Nirmala Sitharaman today pegged the defence budget at Rs 4.78 lakh crore, which includes a capital expenditure budget of Rs 1.35 lakh cror...

The biggest hike in allocation for defence forces came in the defence pension as the budget went up to Rs 1.33 lakh crore from last year's Rs 1.17 lakh crore allocated last year.

Commodore C Uday Bhaskar (Retired), Director, Society for Policy Studies said, "My expectation is that Budget 2020 will be a meaningful redress of the imbalance in the defence allocation, wherein the capital component of the total fiscal allocation for defence will be brought back to the optimum of 40 per cent-.

In an interim budget announced in February before national elections, the government allocated Rs 4.31 lakh crore ($62.27 billion) for defence, a 6.6 per cent rise over the previous year, raising concern at the time it wouldn't be enough for modernisation.

With an allocation of Rs 4,04,365 crore in 2018-19, the Ministry of Defence's total allocation accounts for about 17 per cent of the central government expenditure, though in terms of its share in GDP, it is a little more than two per cent.

Union Tourism Minister KJ Alphons today said that while the annual budgetary allocation of Rs 6,000 for small farmers -- translating to Rs 3.3 a day per person for a family of five -- may not exactly sound like a monetary bonanza in terms of income support, it happens to be the foundation on which greater things can be built in the future.

A parliamentary panel today came down hard on the Modi government for inadequate allocation of funds for the armed forces in the defence budget, saying the country cannot afford complacency in dealing with security challenges, particularly when there was a possibility of a two-front war.