Mumbai Attacks

[abdulrafi]

Oh GOD save the poor indian people from poverty and hunger ( amen )

 

[LCA]

Oh GOD save the poor indian people from poverty and hunger ( amen )

same goes for you.

 

[LCA]

Defence allocation up 35%


February 16, 2009 12:46 IST
Last Updated: February 16, 2009 13:42 IST

Considering the changed security scenario in view of the Mumbai terror attacks, the government on Monday allocated Rs 1,41,703 crore (Rs 1,417.03 billion) for defence sector, almost a 35 per cent increase from the previous year's budget provisions.

Last year's allocation for Defence stood at Rs 1,05,600 crore (Rs 1,056 billion) and the current increase amounted to Rs 36,103 crore (Rs 361.03 billion).

Presenting the Interim Budget for 2009-10 in the Lok Sabha, finance minister Pranab Mukherjee said the allocation has been increased because of the prevailing security environment, which has 'deteriorated considerably.'

Noting that the Mumbai attacks had amounted to the threshold being crossed on the security front, Mukherjee said, "We are going through tough times. The Mumbai terror attacks have given an entirely new dimension to cross-border terrorism."

With the total revised expenditure for Defence last year standing at Rs 1,14,600 crore (Rs 1,146 billion), he said the increased Plan expenditure for Defence this year would be Rs 86,879 crore (Rs 868.79 billion).

Last year's Plan expenditure was only Rs 73,600 crore (Rs 736 billion), thereby providing an increase of Rs 13,279 crore (Rs 132.79 billion) this year.

The increased allocation this year would include Rs 54,824 crore (Rs 548.24 billion) focapital expenditure as against Rs 41,000 crore (Rs 410 billion) in the revised estimates for 2008-09, Mukherjee said.

However, the government would provide for any additional requirement for the security of the nation, he added.

The increased allocation for defence assumes significance as the government has decided to go on fast track acquisition of defence equipment.

The armed forces have already prepared a long list of equipment, mainly for its special forces commandos, to be bought under the fast track process.

After the Mumbai attacks, the government has initiated a massive revamp of the security structure of the country, which includes creation of a Coastal Command.



http://www.rediff.com/money/2009/feb/16bud-defence-expenditure-to-be-increased-this-fiscal.htm

About 30-35 Billion $ in a year.

 

[duhastmish]

The poor will be suffering anyways. Just because of some lazy people who wont like to jump ahead , rest wont sit there and wait for the CHANGE to come.

 

[Zaheerkhan]

Oh GOD save the poor indian people from poverty and hunger ( amen )

,, dude...Plan allocation for agriculture increased by 300 per cent from 2003-04 to 2008-09. Rashtriya Krishi Vikas Yojna launched in 2007-08 with an outlay of Rs 25,000 crore to increase growth rate of agriculture and allied sector to 4 per cent per annum during Eleventh Plan period.

Agriculture credit disbursement increased three times from Rs 87,000 crore in 2003-04 to about Rs 2,50,000 crore in 2007-08.

The Agricultural Debt Waiver and Debt Relief Scheme, 2008 was implemented by June 30, 2008 as scheduled. Debt waiver/debt relief amounting to Rs 65,300 crore covers 3.6 crore farmers.

The corpus of Rural Infrastructure Development Fund (RIDF) increased from Rs.5,500 crore in 2003-04 to Rs 14,000 crore for the year 2008-09. A separate window for rural roads created with a corpus of Rs 4,000 crore for each of the last three years.

s against 60 lakh houses to be constructed under Indira Awaas Yojana by 2008-09, 60 lakh twelve thousand houses constructed between 2005-06 to December, 2008.

Due to revision in Educational Loan Scheme by the Government number of beneficiaries increased from 3.19 lakh to 14.09 lakh and amount of loan outstanding increased from Rs 4,500 crore as on March, 31, 2004 to Rs 24,260 crore as on September 30, 2008.

Turnover of Central Public Sector Enterprises increased from Rs 5,87,000 crore in 2003-04 to Rs 10,81,000 crore in 2007-08 and profits grew from Rs 53,000 crore to Rs 91,000 crore. While number of loss making enterprises came down from 73 in 2003-04 to 55 in 2007-08, number of profit making enterprises has gone up from 143 to 158 during the same period.


Rs.30,100 crore allocated for National Rural Employment Guarantee Scheme for the year 2009-10. In 2008-09 employment of 138.76 crore person days covering 3.51 crore household already generated.

For more:Highlights of the Interim Budget 2009-10
Or just google info...

Compared to what is going into Rural employment,education,rural infrastructure,poverty reduction..the money allocated for defence is very small..

 

[LCA]

,, dude...Plan allocation for agriculture increased by 300 per cent from 2003-04 to 2008-09. Rashtriya Krishi Vikas Yojna launched in 2007-08 with an outlay of Rs 25,000 crore to increase growth rate of agriculture and allied sector to 4 per cent per annum during Eleventh Plan period.

Agriculture credit disbursement increased three times from Rs 87,000 crore in 2003-04 to about Rs 2,50,000 crore in 2007-08.

The Agricultural Debt Waiver and Debt Relief Scheme, 2008 was implemented by June 30, 2008 as scheduled. Debt waiver/debt relief amounting to Rs 65,300 crore covers 3.6 crore farmers.

The corpus of Rural Infrastructure Development Fund (RIDF) increased from Rs.5,500 crore in 2003-04 to Rs 14,000 crore for the year 2008-09. A separate window for rural roads created with a corpus of Rs 4,000 crore for each of the last three years.

s against 60 lakh houses to be constructed under Indira Awaas Yojana by 2008-09, 60 lakh twelve thousand houses constructed between 2005-06 to December, 2008.

Due to revision in Educational Loan Scheme by the Government number of beneficiaries increased from 3.19 lakh to 14.09 lakh and amount of loan outstanding increased from Rs 4,500 crore as on March, 31, 2004 to Rs 24,260 crore as on September 30, 2008.

Turnover of Central Public Sector Enterprises increased from Rs 5,87,000 crore in 2003-04 to Rs 10,81,000 crore in 2007-08 and profits grew from Rs 53,000 crore to Rs 91,000 crore. While number of loss making enterprises came down from 73 in 2003-04 to 55 in 2007-08, number of profit making enterprises has gone up from 143 to 158 during the same period.


Rs.30,100 crore allocated for National Rural Employment Guarantee Scheme for the year 2009-10. In 2008-09 employment of 138.76 crore person days covering 3.51 crore household already generated.

For more:Highlights of the Interim Budget 2009-10
Or just google info...

Compared to what is going into Rural employment,education,rural infrastructure,poverty reduction..the money allocated for defence is very small..

I think it is still less than 3% of GDP.

 

[LCA]

List of countries by military expenditure.

List of countries by military expenditures - Wikipedia, the free encyclopedia

and if we add today's data then india came at no. 9.

 

[silent warrior]

well in ma opinion it is right step to increase the defence budget ...and i think a big chunk should go for r&d. as we can use these technologies in civil purpose.. as we can c a lots of changes in avaition after ww2 and in automobile sectors and we can chage the flow of money towards our indegenious projects that goes for foreign weaponary.

 

[Bull]

Lot of that might be in account of delayed modernisation and increased paypackage. India needs to rise the defence budget by 10% a year and then fall back to to the conservative 3%, if it wants to seriously counter China.

 

[Bull]

Hey Mods,

Those two threads which are on the Indo_pak crisis section needs to be removed from the sticky section. Since the GOP has arrested 3 from karachi, and has confusingly blamed B'deshi elements and then 'conspiracy in europe' it has been proved beyond doubt that 26//11 was REAL and not a drama as provocativly said by Pakistanis.

And the day before GEO news even showed suspected huits used be these guys.

 

[LCA]

well in ma opinion it is right step to increase the defence budget ...and i think a big chunk should go for r&d. as we can use these technologies in civil purpose.. as we can c a lots of changes in avaition after ww2 and in automobile sectors and we can chage the flow of money towards our indegenious projects that goes for foreign weaponary.

Yes... true.

But, first of all we have to learn how to use defence budget fully.

 

[foofighter]

Yes... true.

But, first of all we have to learn how to use defence budget fully.

Precisely. Mumbai has been an eye opener, for cutting red tapes. If we manage to end red tapism, we can sky rocket ahead in military infrastructure.

 

[Jihad]

35%, damn, Pakistan cannot compete with that, we'll have to find our own ways of dealing with the Indian budget.

 

[pama]

even then India spends only 2.5% of GDP to military.
But Pak spends 5% and China 6% of GDP to military.

 

[Tornado]

India has been taking steps to achieve the target of procuring 70 per cent of its defence requirements from indigenous sources by 2010. Despite its best efforts over the last two decades, India is nowhere near that objective as yet , hence i expect more increament in defence budget in coming year as well.