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Defence budget hiked by 13 pc, modernisation fund sees moderate 6.5 pc upt
Updated : 3 years, 3 months ago IST
Looking to acquire major weapon systems including fighter aircraft, submarines and tanks, the defence services today got a hike of around 13 per cent in their budget for 2023-24 as Rs 5.94 lakh crore were allocated to them from the Rs 5.25 lakh crore given last year.
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Delay in decision-making adversely affects country's combat readiness: Raj
Updated : 3 years, 6 months ago IST
Defence Minister Rajnath Singh on Monday while underlining the need to expand the defence budget to over Rs 6 lakh crore said that it is necessary to spend the fund allocated in the present budget "timely" to achieve country's combat readiness.
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Defence budget to lead to job creation, self-reliance in the sector, feel
Updated : 4 years, 3 months ago IST
New Delhi [India], February 13 (ANI): Budgetary provisions like the allocation of 68 per cent funds for modernisation to domestic industry along with opening up of government funding for defence research in the private sector will help the country to become self-reliant in providing weapon s
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