Indian Defence Budget for 2012-13 hiked to 1.95 lakh crore ($39 billion)

[Bl[i]tZ]

Just heard Pranab da presenting the union budget for 2012-13 fiscal year to the parliament.


2011-12 (last year)...............2012-13(this year)..............%ge increase
Rs 1,64,415.49 crore ...........Rs 1,95,000 crore....................19%
$36.03 billion..........................$38.8 billion..........................7.7%

Finance Min said anything over and above this will be provided to armed forces if required.

 

[anup]

Not enough 50% Budget going to salary,pension etc.

Project like MMRCA,P75I,Project 15B,Project 17A Etc Require more funds.

 

[sachin@india]

Budegt is more than enough if we use it judiciously... the main problem is delay and cost escalation due to delay... if we improve our procurement policies everything will fall in place.

 

[AyanRay]

Just heard Pranab da presenting the union budget for 2012-13 fiscal year to the parliament.


2011-12 (last year)...............2012-13(this year)..............%ge increase
Rs 1,64,415.49 crore ...........Rs 1,95,000 crore....................19%
$36.03 billion..........................$38.81 billion........................7.7%

Finance Min said anything over and above this will be provided to armed forces if required.

It is more than 40 billion USD.

 

[Bl[i]tZ]

It is more than 40 billion USD.

$ to Rs value keeps fluctuating. It was 44 in Oct and went up to 52 in Dec last year. Now is it is somewhere around 50.25

The $ value is important only when you sign a contract with a foreign company. The main this is the hike in Rs.

 

[perplexed]

Fcuk Yeah

Bring me those Rafales, AESA, Arjun, AgniV, Arudhra, FGFA, K4, AD-1/2, p75, p15Bs

 

[Jackdaws]

They are such a bunch of retards. Instead of building submarines and carriers which are not going to be of much use - they should use the money to protect urban areas as if they were city states. The thinking is antiquated.

 

[sachin@india]

Budget 2012: Substantial hike in defence budget

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, over Rs 79,500 crore would be spent on procuring modern weapons systems and military hardware.

This allocation is based on the present needs and any further requirement for the security of the nation would be made, Finance Minister Pranab Mukherjee said.

The deals which are likely to be signed this year include 126 Medium Multi Role Combat Aircraft, 145 Ultra Light Howitzers, 197 Light Utility Helicopters and others weapons and systems for the three services.

Presenting the budget, Mukherjee said that Rs 1,93,407 crore has been allocated for defence forces of which over Rs 79,500 crore would be earmarked for capital acquisition.

India plans to spend over $100 billion on defence acquisitions in the next five to 10 years.

17 % rise in defence budget ... this is substantial

 

[God of Death]

Budget 2012: Defence budget hiked by more than 17% - Money - DNA

 

[R-DB]

just 3 billion hiked??
There should be more increase in budget with proper execution of money given and defense deals too.

 

[God of Death]

The budget for procuring new modern weapons systems and military hardware = Rs. 80,000 crore or US$ 16 billion this year.

just 3 billion hiked??
There should be more increase in budget with proper execution of money given and defense deals too.

No, its 28992 crore or US$ 6 billion increase.

 

[Baby Leone]

sooo a poor country like india will use more than 17% of her resources to support the weopon industry of Russia & Israel...

not good move

BTW provided current indian trend half of this money will definetely goo army & govt pockets....

cz with tht huge buget why still indian army is short of weopons as their army cheif said...

 

[sachin@india]

sooo a poor country like india will use more than 17% of her resources to support the weopon industry of Russia & Israel...

not good move

don't worry ....2-3 % of money will be taken back by the Finance ministry at the end of the year as they always do. so be happy and sleep tight

 

[foxbat]

sooo a poor country like india will use more than 17% of her resources to support the weopon industry of Russia & Israel...

not good move

Your understanding of maths and economics reflects badly on Pakistan's education system...

 

[R-DB]

The budget for procuring new modern weapons systems and military hardware = Rs. 80,000 crore or US$ 16 billion this year.



No, its 28992 crore or US$ 6 billion increase.

last year budget was 36 billion and present is 39