Defence Budget

Defence Budget News

Explained: How China is ramping up its military capabilities
World

Explained: How China is ramping up its military capabilities

China has the world's largest standing army and navy, with Beijing announcing its biggest increase to military budget since 2019

China increases military spending in face of 'escalating' threats
World

China increases military spending in face of 'escalating' threats

The increase in the world's second-largest defence budget came as China's leaders said it would aim for economic growth of around five per cent for the coming year

Big worry for India, US as China signals major hike in defence budget
World

Big worry for India, US as China signals major hike in defence budget

China’s defence budget is already the second biggest in the world after the US. The Chinese government has cited "complex security challenges" ahead of China’s annual Parliament session during which a new ministerial and official leadership is scheduled to be unveiled

Denmark scraps public holiday to boost defence spending
World

Denmark scraps public holiday to boost defence spending

The government wants to use the money generated to raise the defence budget to NATO's target of 2 percent of GDP by 2030, instead of 2033 as previously planned

India keeps aside Rs90,000 Cr in Budget 23-24 for fuel, ammo, spares with eye on China, Ukraine war
India

India keeps aside Rs90,000 Cr in Budget 23-24 for fuel, ammo, spares with eye on China, Ukraine war

This amount, which is around Rs 90,000 crore will be used for maintenance of weapons, equipment and other assets, replenishing stocks of fuel and ammunition and procurement of critical spares along with other capabilities. This amount excludes pay and other allowances

Here's why Japan is doubling its defence budget
World

Here's why Japan is doubling its defence budget

During a meeting, PM Kishida asked Finance Minister Shunichi Suzuki and Defence Minister Yasukazu Hamada that the island country needs to urgently raise its defence budget by fiscal 2027

'Not a burden on economy': Army chief General Naravane on expenditure on armed forces
India

'Not a burden on economy': Army chief General Naravane on expenditure on armed forces

'A nation can survive the shocks that wipe out the share market and leaves thousands of investors bankrupt only when the armed forces of that country are strong,' he said

From Germany to China, how Russia-Ukraine conflict is forcing the world to ramp up defence budgets
World

From Germany to China, how Russia-Ukraine conflict is forcing the world to ramp up defence budgets

Russia's invasion of Ukraine has prompted many countries to hike their defence budgets. Will this lead to more aggressive posturing or help in maintaining peace is yet to be decided

Union Budget 2022 by numbers: Rs 5.25 lakh cr for defence, Rs 7.50 lakh cr capital expenditure
Business

Union Budget 2022 by numbers: Rs 5.25 lakh cr for defence, Rs 7.50 lakh cr capital expenditure

The key takeaways from the fourth Budget of the second Narendra Modi government tabled by Finance Minister Nirmala Sitharaman in Parliament

Union Budget 2022: From 5G rollout by 2023 to issuance of e-passports, highlights from Nirmala Sitharaman’s speech
Business

Union Budget 2022: From 5G rollout by 2023 to issuance of e-passports, highlights from Nirmala Sitharaman’s speech

Speaking for a duration of one-and-a-half hour, the finance minister said that this budget would focus majorly on taking India@75 to India@100

Army, IAF struggle to exhaust Capital Budget for 2021-22; Defence minister asks to expedite spending
India

Army, IAF struggle to exhaust Capital Budget for 2021-22; Defence minister asks to expedite spending

Union Budget 2022: The low spending of the defence budget comes as an aberration because the services are learnt to have projected the requirement for capital budgets way higher than they were allocated in 2021-22

Defence Budget 2021: Increased capital expenditure much-needed step in context of rising Chinese threat
India

Defence Budget 2021: Increased capital expenditure much-needed step in context of rising Chinese threat

Official data showed that an additional unbudgeted Rs 20,776 crore was spent to buy military hardware amid the Ladakh border standoff with China

India's economic slowdown is a potential threat to national security: Govt can't afford to take eye off the ball
Business

India's economic slowdown is a potential threat to national security: Govt can't afford to take eye off the ball

Right from the time it was first elected in 2014, this government has been at pains to be perceived as being strong on national security and defence

Union Budget 2019: Size of budgetary allocation for defence reflects a country's ability to fund military activities
Business

Union Budget 2019: Size of budgetary allocation for defence reflects a country's ability to fund military activities

The defence outlay works out to just about 1.58 percent of the GDP for 2018-19, the lowest such figure since the 1962 war with China wherein it was 1.65 percent.

In which Amit Shah gives it to economists and critics: If economy is booming, govt income and spending are growing, fiscal deficit is falling, where's the crisis?
Business

In which Amit Shah gives it to economists and critics: If economy is booming, govt income and spending are growing, fiscal deficit is falling, where's the crisis?

The success of demonetisation and GST is there for everyone to see, he said, except for the bigoted and the jaundice-eyed.

Methodology, for article
India

Methodology, for article

If governments continue to misspend on defence even while signalling muscular foreign policies, the gap between intent and capability will continue to widen

Government misspend on defence will widen gap between intent and capability
India

Government misspend on defence will widen gap between intent and capability

The path to power runs through the finance ministry. If governments continue to misspend on defence even while signalling muscular foreign policies, the gap between intent and capability will continue to widen

Narendra Modi govt's apathy for defence forces compromised national security, says Congress' Randeep Surjewala
India

Narendra Modi govt's apathy for defence forces compromised national security, says Congress' Randeep Surjewala

The Congress on Tuesday accused the Modi government of "politicising" the armed forces and compromising national security by "lowering" the morale of soldiers and insulting them through cuts in their spending

Budget 2019 allocations for defence are disappointing, govt needs to focus on reforms and restructuring within army
India

Budget 2019 allocations for defence are disappointing, govt needs to focus on reforms and restructuring within army

No surprises here. The Budget 2019 allocations for defence were predictably as disappointing as the last such exercise.

Union Budget 2019-20: Piyush Goyal pegs defence budget at Rs 3 lakh crore; Rs 4,500 crore increase from last year
India

Union Budget 2019-20: Piyush Goyal pegs defence budget at Rs 3 lakh crore; Rs 4,500 crore increase from last year

Finance Minister Piyush Goyal said it is the first time that the Budget outlay has touched Rs 3 lakh crore mark. He said if more funds are required, those will be made available.