DEFENCE BUDGET

  • Budget 2014: No major boost to Defence, Jaitley allots Rs 2.29 lakh crore July 10, 2014

    New Delhi: Finance Minister Arun Jaitley on Thursday announced just an additional Rs 5000 crore for the Defence Budge, taking the amount allocated to the the Indian Defence to Rs 2,29,000 crore. In the Interim Budget presented by the UPAII government, the amount was Rs 2,24,000 crore. In the Narendra Modi...
  • China increases Defence budget by 12.2 per cent March 5, 2014

    Beijing: China plans to raise its defence budget from USD 117.7 billion to about USD 132 billion in 2014, making a 12.2 per cent increase. Last year, China had raised its defence budget by 10.7 per cent to 720.2 billion yuan (USD 117.7 billion). It had also hiked its internal security budget...
  • Need to cut our coat according to our cloth, PM says hinting at trimming defence budget November 22, 2013

    Hinting at a possible cut in the country's defence budget, Prime Minister Manmohan Singh on Friday said the Services will have to exercise prudence in acquisitions in view of the economic slowdown, stressing on the need to "cut our coat according to our cloth". Addressing the Combined Commanders' Conference, he said...
  • Defence Ministry reworks on its budget as fuel price rises July 9, 2013

    New Delhi: The rising prices of international crude is also affecting defence supplies. The Defence Ministry has asked armed forces to reduce use of fuel by 20 to 40 per cent, Army sources said. Sources said the order came in the wake of sharp increase in fuel prices and has upset...
  • Pakistan increases defence budget by 15 per cent June 13, 2013

    Islamabad: Pakistan's cashstrapped new government announced a hefty 15 per cent hike in its defence budget to Rs 627 billion, with the powerful Army getting the lion's share of the outlay. The government increased the allocation for defence in its budget for fiscal 201314 to Rs 627 billion (about $ 6.32...
  • Govt to pump in Rs 15,000 cr to augment military production March 20, 2013

    New Delhi: 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. The major plans of the Ordnance Factory Board (OFB) include the augmentation of...
  • China hikes defence budget, spends three times more than India March 5, 2013

    Beijing: 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...
  • Defence budget allocation raised to Rs 2 lakh crore February 28, 2013

    New Delhi: 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. Thursday's allocation...
  • Budget 2013: Priorities of the Indian armed forces February 27, 2013

    New Delhi: 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. After the Rs 14,000 crore cut in defence spending in the last financial year,...
  • Indian armed forces' plans on hold ahead of defence budget February 1, 2013

    New Delhi: 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. This could delay the...
  • Pakistan hikes defence budget by 10 per cent June 2, 2012

    Islamabad: Pakistan has increased its defence budget by nearly 10 per cent to Rs 54,500 crore ($5.8 billion) for the 201213 fiscal year. The government had earmarked Rs 49,500 crore in the 201112 fiscal year. However, the actual expenditure was Rs 50,932 crore. The current allocation amounted to 18.4 per cent...
  • India raising offensive Corps: AK Antony May 9, 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...
  • China defends USD 106 billion defence budget March 30, 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...
  • Union Budget 2012: How it happened March 16, 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...
  • Defence Budget hiked by more than 17 pc March 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,...
  • Army running short of ammunition: Gen Singh March 4, 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...
  • China hikes defence budget by 11.2 pc March 4, 2012

    Beijing: China's defence spending will record a doubledigit 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 buildup. The hike was announced by Li Zhaoxing, spokesman for the...
  • AsiaPacific region priority No 1, says Obama January 9, 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 wideranging review into defence spending. China is now reacting to the newly implemented strategy. ...
  • Obama to sign US defense bill this week October 27, 2009

    Jacksonville (Florida): US President Barack Obama said on Tuesday that he will sign the defense authorisation bill this week. "To make sure you can meet the missions we ask of you, we are increasing the defense budget, including spending on the Navy and Marine Corps," Obama said in a speech to...
  • Pak army to get almost half of defence budget August 24, 2009

    Islamabad: The Pakistani army is to get Rs 1.48 trillion ($18 billion), a little less than half of the country's Rs 3.42 trillion defence budget for 200910, parliament was informed on Monday. Sources told Online news agency on Monday that such comprehensive and elaborate details about operational expenses, travel and...
  • Defence budget unchanged; Army gets lion's share July 6, 2009

    New Delhi: The countrys defence expenditure during 200910 remains unchanged from Rs 141,703 crore allocated in the interim budget earlier this year which was a hike of 34 percent over the previous year. Finance Minister Pranab Mukherjee, while presenting the budget in the Lok Sabha, had a word of cheer...
  • Defence Budget hike to go in pay, little left for arms February 17, 2009

    New Delhi: The 23 per cent hike proposed in Defence spending in the Interim Budget seems to send a political signal that national security is high on the United Progressive Alliance Government's agenda. But a closer look reveals that much of the Rs 27,000 crore hike will not buy weapons but...
  • Pranab hikes Defence Budget by 35 per cent February 16, 2009

    New Delhi: Considering the changed security scenario in view of the Mumbai terror attacks, the Government on Monday allocated Rs 1,41,703 crore for defence sector, almost a 35 per cent increase from the previous year's Budget provisions. Last year's allocation for defence stood at Rs 1,05,600 crore and the current increase...
  • Pakistan to freeze defence allocation in budget June 9, 2008

    Islamabad: The Pakistani government Monday decided to freeze the allocation for defence in the next budget in an apparent bid to show its sincerity in maintaining cordial relations with the neighbours. Prime Minister Syed Yousaf Raza Gillani, while addressing the National assembly, said the government has decided to reduce the defence...
  • India's defence budget hiked by 10 per cent February 29, 2008

    New Delhi: India's defence spending will for the first time ever cross the Rs 1 lakh crore mark with the Government on Friday announcing a ten per cent raise in the allocation for the year 200809. In a clear signal that there would be no let up in the ongoing mammoth...
  • China to spend $45 bn on defence March 4, 2007

    New Delhi: Beijing on Sunday announced that China is hiking its defence budget by 17.8 per cent. The increase means China will spend close to $45 billion on defence this year. This is an increase of $6.79 billion over last year. The proposal is expected to be passed by the...