Budget 2018: India largest arms importer, yet defence of realm falters

missile, prithvi, defence, nuclear

Defence allocation accounted for 17% of the central government budget (Rs 21.46 trillion) in 2017-18


BUDGET NEWS  :  India is the fifth largest military spender (2016) in the world and the most important importer of fingers, accounting for 13% of the world’s total imports between 2012 and 2016, in step with the Stockholm international Peace research Institute, a assume tank.

however, over three years to 2017-18, there has been a 9% decline in finances allocation for capital investments towards requirements, or “projections” in officialese, a thing that could postpone procurement and modernisation of the militia, according to a document via the Parliamentary status Committee On Defence 2017-18, an advisory body to the defence ministry, provided to the Lok Sabha (lower house of Parliament) on December 19, 2017.

The air pressure capital price range was 46% decrease than its requirements, the navy's changed into 41% and the military's 32%, the document said.

The finances for defence expenditure–consisting of revenue (salaries, transportation fees, shops), capital investments (equipment, ammunition), pensions and miscellaneous–in 2017-18 changed into Rs 359,854 crore, up fifty six% from Rs 230,642 crore in 2012-13.

Defence allocation accounted for 17% of the principal government budget (Rs 21.46 trillion) in 2017-18.


CLICK HERE TO READ MORE: BUDGET NEWS 2018

Comments

Post a Comment

Popular posts from this blog

Tigor launched at Rs 4.7 lakh: Tata eyes a seat in Swift Dzire's market

Image
It comes in four variants in the price range of Rs 4.7 lakh to Rs 6.19 lakh Upping the ante in the crowded compact sedan category,  Tata Motors  on Wednesday launched Tata Tigor , its third product in the tax-efficient sub-four metre sedan segment. The biggest selling point for Tigor is its aggressive pricing. At Rs 4.7 lakh for the base petrol variant, Tigor is now the cheapest compact sedan in the country and even undercuts Tata’s existing models. For example, the largest-selling car in the segment - Swift Dzire - starts at Rs 5.27 lakh, while the base petrol version of Indigo CS, from the Tata stable, is priced at Rs 5.03 lakh. Besides Indigo CS, Tata Motors also sells the Zest in the segment, but has not been able to break the dominance of Maruti Suzuki’s Swift Dzire in the category. The compact sedan and hatchback category, accounted for over 40% of car sales in January 2017, at over 114,000 units. Maruti accounted for 56,000 cars in the category, with Swift D...
Read more

Xiaomi Redmi 4 goes on sale at 12 on Amazon: Here's all you need to know

Image
The Redmi 4 is a capable smartphone with a perfect screen size and resolution. Watch hands-on review Xiaomi's latest budget offering, the Xiaomi Redmi 4 , is going on sale at 12 noon on Tuesday, exclusively on Amazon India. In the first flash sale that took place on May 23, the smartphone had seen a huge interest from buyers and registered a record sales number of a whopping 250,000 units within the first eight minutes. According to Amazon.in, the Xiaomi Redmi 4 had recorded more than 10 million hits per minute on the site, after having received some 2.3 million ‘notify me’ alerts from customers since the launch announcement on May 16. Read this: Strike today: Chemists down shutters across India, protest e-platform plan The dual-sim budget smartphone with VoLTE capabilities is the latest offering from Xiaomi and offers an all-round performance. The Xiaomi Redmi 4 smartphone is available in three storage and RAM options – 16GB/2GB, 32GB/3GB and 64GB/4GB -- which ...
Read more

$500 bn Saudi mega-city to be listed alongside Aramco, says Crown Prince

Image
The 26,500-square km business and industrial zone, named NEOM, will extend into Jordan and Egypt LATEST NEWS :  The $500 billion mega-city planned by Saudi Arabia will be floated on financial markets alongside oil giant Saudi Aramco as part of the kingdom's drive to diversify away from oil, the crown prince told Reuters in an interview late on Wednesday. The 26,500-square km (10,230-square mile) business and industrial zone, named NEOM, will extend into Jordan and Egypt. It was unveiled on Tuesday at a three-day international investment conference. The surprise announcement is the latest - and most extraordinary - in a slate of privatisation programmes led by the floating of oil giant Saudi Aramco. The sales are designed to boost the Saudi economy and create jobs for millions of young people. "The first capitalist city in the world ... this is the unique thing that will be revolutionary," Crown Prince Mohammed bin Salman said. "Without a do...
Read more