With focus on indigenisation to avoid scams in foreign acquisition, Defence Ministry on Wednesday said it will be pumping Rs 15,000 crore to augment domestic military production for systems such as the indigenous 155mm artillery guns. ...
07:42 PM, Mar 20, 2013
China on Tuesday hiked its defence budget by a whopping 10.7 per cent to $ 115.7 billion, well above India's current defence spending of $ 37.4 billion, underlining Beijing's military ambitions amid territorial disputes with neighbours. The double-digit rise in defence budget for 2013-14 was announced by Premier Wen Jiabao at the Chinese Parliament, the National People's Congress (NPC), which opened its annual session on Tuesday morning which will also...
12:37 PM, Mar 05, 2013
In the midst of a major modernisation drive, the Defence Ministry on Thursday got a 14 per cent hike in its budget as Finance Minister P Chidambaram gave it Rs 2,03,672 crore for 2013-14 with a promise to provide any additional fund required for national security. ...
02:05 PM, Feb 28, 2013
Finance Minister P Chidambaram will present the Union Budget on Thursday. Given the likelihood of no major increase in defence spending, here is a look at what the priorities of the armed forces are. ...
10:26 AM, Feb 27, 2013
The armed forces may have to trim some of their ambitious weapons procurement plans after indications that the defence budget could be cut by around four to five per cent if not more, as part of Finance Minister P Chidambaram's plans to lower the deficit. ...
11:31 AM, Feb 01, 2013
Islamabad: Pakistan has increased its defence budget by nearly 10 per cent to Rs 54,500 crore ($5.8 billion) for the 2012-13 fiscal year. The government had earmarked Rs 49,500 crore in the 2011-12 fiscal year. However, the actual expenditure was Rs 50,932 crore. The current allocation amounted to 18.4 per cent of Pakistan's total budget outlay of Rs 2,96,000 crore for the fiscal July 2012 to June 2013, Xinhua reported....
10:57 AM, Jun 02, 2012
New Delhi: India is raising an offensive Corps and taking other steps to gear up its preparedness along China border to meet the challenges, Defence Minister AK Antony said as he pitched for a substantial hike in defence budget to meet this changing threat perception. Terming the growing military ties between Pakistan and China as a "cause of worry", he said the armed forces have been issued a new directive...
02:39 AM, May 09, 2012
Beijing: Claiming that it has no hidden military expenditure, China on Friday defended the 11.2 per cent increase in its defence budget saying that much of it would go for increased salaries of soldiers, training and exercises as well as acquiring new equipment. The increase of China's military budget is reasonable and should be viewed objectively, Defence Ministry spokesman Yang Yujun was quoted as saying by the state media. China...
02:19 PM, Mar 30, 2012
New Delhi: Finance Minister Pranab Mukherjee's Budget failed to send out a strong message about the reform process while coming out with a subsidy management plan and announced a new income tax structure. Experts labelled the it as an '80s style' Budget. Mukherjee began by admitting that the global crisis had affected the Indian economy. However, he said that a major turnaround might be expected soon. Budget 2012: How it...
01:07 PM, Mar 16, 2012
New Delhi: With several defence deals including the one to procure 126 combat aircraft for the IAF expected to be clinched this year, the Defence Budget was on Friday substantially hiked by more than 17 per cent to Rs 1,93,407 crore from last year's Rs 1,64,415 crore. Of the total outlay, over Rs 79,500 crore would be spent on procuring modern weapons systems and military hardware. This allocation is based...
12:56 PM, Mar 16, 2012
New Delhi: The India army is seriously short of ammunition, and in the event of war, it may run out of stocks in two days. This has been highlighted in a letter written by Army Chief General VK Singh to Defence Minister AK Antony, reported by the Indian Express. It also warns of shortages in artillery and air defence ammunition and says that the blacklisting of firms has contributed to...
05:08 PM, Mar 04, 2012
Beijing: China's defence spending will record a double-digit increase of 11.2 per cent, taking the budget to USD 106.4 billion this year compared to USD 92 billion in 2011, a government spokesman announced today, amid concerns about Beijing's military build-up. The hike was announced by Li Zhaoxing, spokesman for the Fifth Session of the 11th National People's Congress (NPC), the top Chinese legislature, in Beijing on Sunday. Defending the increase...
10:29 AM, Mar 04, 2012
The United States is boosting its military presence in the Asia Pacific region as it looks to counter China's rising power. President Barack Obama made the announcement following a wide-ranging review into defence spending. China is now reacting to the newly implemented strategy. ...
11:35 AM, Jan 09, 2012
The United States is boosting its military presence in the Asia Pacific region as it looks to counter China's rising power. President Barack Obama made the announcement following a wide-ranging review into defence spending. China is now reacting to the newly implemented strategy. ...
11:17 AM, Jan 09, 2012
Earlier the Obama administration had threatened to veto the bill. ...
04:26 PM, Oct 27, 2009
The air force will get over Rs 80 billion and the navy Rs 38.1 billion. ...
09:50 PM, Aug 24, 2009
Rs 141,703 crore allocated for the three wings of the armed forces. ...
02:59 PM, Jul 06, 2009
Salaries will consume over Rs 46,100 crore, a third of the Defence Budget. ...
09:24 AM, Feb 17, 2009
The Government on Monday allocated Rs 1,41,703 crore for defence sector. ...
01:27 PM, Feb 16, 2009
The former India player was ecstatic after hearing that Pakistan will tour India for a short limited overs series at the end of this year. ...
09:00 PM, Jun 09, 2008
