The mounting defence pension burden lingered until Agnipath came in 2022. But any steps to cut pension costs now will take 15 years to make an impact as retiring Agniveers reduce annually
It said that NATO member countries’ spending totaled 55% of world’s expenditure. Top spenders into 2023 were US, China & Russia, said Stockholm International Peace Research Institute.
The cost of the US-India drone deal raises a question—could some portion of this amount could have been better spent on indigenously developing and producing smaller drones?
Defence budget is 2.09% of the GDP compared to 2.17% this fiscal. While both Army & the Navy failed to spend the full amount allocated to them, the IAF spent more than its allocation.
Increased allocations for defence should be seen through the prism of peace and development, with expenditure considered as an investment that yields handsome returns.
Armed forces will have to prioritise Indian entities when placing orders for procurement. Move will strengthen security grid & bolster economy, said defence minister Rajnath Singh.
Capital budget increased to Rs 1.62 lakh crore from 1.52 lakh crore. Navy, Army see substantial increase but allocation for procuring aircraft, aero engines goes down.
Private sector is also hoping for a high budgetary allocation for defence capital expenditure since it will translate into more acquisition programmes fructifying.
The Italian term sprezzatura—a studied nonchalance that conceals intention—best captures the spirit of Trump’s foreign policy so far. The pattern is unpredictability, transactionalism, and disruption as diplomacy.
With 20.2 percent of its total loans in default by the end of last year, Bangladesh had the weakest banking system in Asia. Despite reforms, it will take time to recover.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
Poor Socialist India and her rich ‘socialist’ leaders can provide only this much money for defence. Take .303 rifle, stones, etc, to fight enemies—they say. The remaining money is needed for socialism and the votes they generate, they say.
Poor Socialist India and her rich ‘socialist’ leaders can provide only this much money for defence. Take .303 rifle, stones, etc, to fight enemies—they say. The remaining money is needed for socialism and the votes they generate, they say.