Budget LIVE: Defence allocation is Rs 2,46,727 crores, says Jaitley

[sancho]

Budget LIVE: Defence allocation is Rs 2,46,727 crores, says Jaitley

Union Finance Minister Arun Jaitley presented the first full year Budget of the Narendra Modi-led NDA government today

Here are Live Updates:

– Measures to curb black money,job creation through revival of growth&investment, benefit to middle class tax payers: Jaitley

– Propose to reduce rate of corporate tax from 30% to 25%: Jaitley

– Unplanned expenditure for 2015-16 is estimated at 13 lakh 12 thousand and 200 crores: Jaitley

– Govt proposes to incentivise debit-credit card transactions: Jaitley

– Defence allocation for this fiscal is Rs 2,46,727 Crores: Jaitley...

Budget LIVE: Defence allocation is Rs 2,46,727 crores, says Jaitley - NewsroomPost

 

[anant_s]

Remains to be seen what is Capital purchase outlay.

 

[sancho]

For the record:

2012-13 to Rs 1.93 lakh crore
2013-14 to Rs 2.03 lakh crore
2014-15 to Rs 2.29 lakh crore
2015-16 to Rs 2.46 lakh crore

..:: India Strategic ::. MoD Updates: India's Defence Budget 2013-14

Defence Ministry gets Rs 2.29 lakh cr in Union Budget | The Indian Express

 

[nair]

For the record:

2012-13 to Rs 1.93 lakh crore
2013-14 to Rs 2.03 lakh crore
2014-15 to Rs 2.29 lakh crore
2015-16 to Rs 2.46 lakh crore

..:: India Strategic ::. MoD Updates: India's Defence Budget 2013-14

Defence Ministry gets Rs 2.29 lakh cr in Union Budget | The Indian Express

Is it enough???? Especially with the kind of projects cleared by GoI

 

[Agent_47]

It has breached $40 billion mark. 9 % increase.

 

[DIRECT ACTION]

Is it enough???? Especially with the kind of projects cleared by GoI

someone pls convert that Rs 2.46 lakh crore to Doller..... is that 40 billion $??

 

[Arya Desa]

Already running

Official Budget 2015 Thread

 

[magudi]

someone pls convert that Rs 2.46 lakh crore to Doller..... is that 40 billion $??

$40.1B usd approx

 

[A$HU]

Is it enough???? Especially with the kind of projects cleared by GoI

Yes that's an 8 percent increase more than our gdp growth rate..How much more do you want?

 

[anant_s]

Is it enough???? Especially with the kind of projects cleared by GoI

That is what would be interesting, considering the inflation, the actual rise would be much less.
Usually FM makes a statement that in case of requirement more funds will be allocated. Considering the proposed purchases (Rafale, M 777, Apache, Chinook etc), i was expecting an inflation adjusted hike of about 8%. Lets see what experts make out of it.

 

[root]

Congrats India huge budget strong defense.

 

[nair]

Yes that's an 8 percent increase more than our gdp growth rate..How much more do you want?

It is not me who wants it???? My question was with respect to the projects cleared by Goi and the question was is it enough?

 

[TejasMk3]

"India is causing an arms race" rants incoming

 

[anant_s]

YOU DONT HAVE TOILETS FIRST BUILD SOME TOILETS THAN THINK ABOUT DEFENCE @levina

Was that necessary to bring that in this discussion?
anway...

One of the top priorities of the Narendra Modi-led NDA government at the Centre is the Swachh Bharat campaign, and if reports are to be believed, the government has taken the task seriously. The government has built with 7.1 lakh toilets in January under the Swachh Bharat Abhiyaan, reports said.

According The Economic Times, "A total of 31.83 lakh toilets have been built between April 2014 and January 2015, which is 25.4% of the target for 2014-15. The programme entails an investment of nearly Rs 2 lakh crore over the next five years to construct 12 crore toilets in India."

Swachh Bharat Abhiyaan: PM Modi govt builds 7.1 lakh toilets in January

 

[sancho]

Is it enough???? Especially with the kind of projects cleared by GoI

That's the question, with the list of projects that were not fixed last year, I have some doubts but that's depends on how much of that is actually for procurements.