Indian government’s fiscal 2016-17 budget has hiked the defence budget by 5.8% allocating INR86000 Crore (US$12 billion) for capital expenditure which include money for equipment purchase.
According to Economic Times, Finance Minister Arun Jaitley has increased the defence budget to Rs 2,74,000 crore (US$ 40 billion) that includes capital expenditure, an increase of 10.5 percent the year prior.
Jaitley also said that a central defence travel system has been developed through which soldiers can book travel tickets online. A comprehensive web based defence pension distribution system for defence pensioners has also been developed.
The amount earmarked in the Indian defense budget for the new purchases is so low that it is sufficient only for the 36 Rafale fighter deal alone. The government will have to increase the defense bidget midway through this financial year to pay for new orders, domestic brokerage ICICI Securities said on Tuesday
Indias defence research and development budget has remained static, if not declining in the last two years. In 2014-15, the R&D spend of the ministry of defence (MoD) has been Rs 15,282
The Indian Ministry of Defense on Thursday got a 14 per cent budget hike (about $37.45 billion approximately) for 2013-14 with a promise from Finance Minister P Chidambaram to provide any additional fund required for national security
The US Department of Defense (DoD) released Wednesday the Military Intelligence Program (MIP) appropriated top line budget for FY 2017. The total MIP budget, which included both the base budget and Overseas Contingency Operations appropriations, was $18
India has planned to start work on installing 'smart fence' along 3,323-km-long the border that it shares with Pakistan soon. The testing for the fence is in final stages and soon work for erecting it along the Indo-Pak border will begin, Minister of State for Home Kiren Rijiju said in New Delhi today, NDTv reported The new fencing is likely to have a multi-tier security ring comprising an alarm to security force personnel in case of any infiltration bid or attempts to cut the fence
An Expert committee formed by the Indian government has recommended setting up an independent organization outside the ministry of defense to undertake defense procurement. The committee, headed by retired IIM professor Pritam Singh, recommended this measure to overcome the unending problem of delays in defence procurement, unspent budgets, allegations of corruption and botched deals
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