Indian total defence budget raised to 63.7 billion dollars for the year 2018-19

[Hindustani78]

http://www.thehindu.com/news/nation...for-defence/article23263967.ece?homepage=true

NEW DELHI, March 15, 2018 22:13 IST
Updated: March 15, 2018 22:14 IST

‘Rationalisation of expenditure is prime objective of govt.’

The Finance Ministry has declined a recommendation from the Parliamentary Standing Committee on Defence to have a fixed allocation of 3% of GDP for the Defence Ministry, a report of the Committee has stated.

“The recommendation of the Standing Committee for keeping a definite percent of GDP was referred to MoF for their consideration, the same was not approved by MoF,” the Ministry of Defence (MoD) said in its reply to the Committee.

The Committee has on several occasions expressed favour for having a benchmark percentage of GDP earmarked for deciding on the allocation to the defence sector to continue modernisation.

Definite cost

The MoF in its reply to the MoD said: “Since government resources come with definite cost, resource allocation is made among various competing priorities.

Thus, defence expenditure as definite percentage of total government expenditure/GDP cannot be ensured considering the fact the resource allocations are made on need basis.”

Finance Ministry further added that rationalisation of the expenditure is the prime objective of the government while finalising the revised estimates during mid-year review.

The Vice Chief of Army Lt. Gen Sarath Chand has deposed before the Committee that this year’s budgetary allocation has dashed their hopes, and the capital allocation does not even cater for the committee liabilities for the year.

 

[EpiiC]

Pakistan seriously needs to sort out its economy and it is not going
to happen under Nawaz or Zardari. Pak needs to have a defence budget of
atleast 20 billion.

Thats like 7% of GDP..... Pak is too poor.... Not in our life time..... Maybe after 2100 will Pak become developed country....

 

[patman]

Wow that's almost as much as Russia spends

 

[Hindustani78]

Ministry of Defence
27-April, 2018 18:49 IST
DAC Approves Capital Acquisition Proposals Worth Rs 3,687 Crore

The Defence Acquisition Council (DAC), chaired by the Raksha Mantri Smt Nirmala Sitharaman, met today and accorded approval to Capital Acquisition Proposals of the Services valued at over Rs 3,687 crore.

In a boost to indigenisation and in realisation of India's growing technological prowess, the DAC approved procurement of Defence Research and Development Organisation’s (DRDO’s) designed and developed NAG Missile System (NAMIS) at the cost of Rs 524 crore. The system includes a third generation Anti-Tank Guided Missile, the NAG, along with the Missile Carrier Vehicle (NAMICA). The NAG missile is a third generation anti-tank guided missile, which has top attack capabilities that can effectively engage and destroy all known enemy tanks during day and night. This will give a quantum boost to the Army's capability against enemy armour.

The DAC also approved procurement of thirteen 127 mm calibre guns for the Navy. These guns will be fitted on-board new construction ships for undertaking surface engagements including Naval Gunfire Support Operations. The guns will enable Naval ships to provide fire support and engagement of targets on the land. These guns have engagement range of 24 kilometres, which could be extended further by using Extended Range Gun Munitions (ERGM). These guns, a long outstanding requirement of the Navy would be procured from BAE Systems of the United States of America under the categorisation of Buy (Global) at an approximate cost of over Rs 3,000 crore.

The DAC also reviewed the progress of the DRDO programme to develop indigenous Airborne Warning and Control System (AWACS).