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.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
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.