New Delhi, Feb 28 (IANS) India Saturday hiked its defence allocation by a modest 7.74 percent to Rs.246,727 crore ($40 billion), with Finance Minister Arun Jaitley declaring that “defence of every inch of our land is above everything else”.
Presenting the budget proposals for 2015-16 in the Lok Sabha, Jaitley said the government was following a policy of transparency and quick decision-making in procurement to keep the defence forces prepared for any eventuality.
He said the government was pushing for Make in India policy in defence manufacturing to reduce dependence on imports.
The allocation is a mere Rs.17,727 crore over the Rs.229,000 crore Jaitley had provided in his maiden budget last July.
As usual, the 13-lakh-strong Indian Army has received Rs.1,04,158 crore -- a hike of Rs.5,846 from the revised estimate of Rs.98,310 crore in 2014-15.
At Rs.23,000 crore, the Indian Air Force allocation is Rs.2,815 crore higher than that of the previous fiscal, while the Indian Navy, at Rs.15,525 crore, has seen a small rise of Rs.1,590 crore.
As for the War Memorial and War Museum, for which Jaitley, then also the defence minister, had allocated Rs.100 crore in his previous budget, a separate implementation document circulated along with the budget paper, said the draft cabinet note for this was “under preparation”.
There has also been little progress in implementing the one-rank-one-pay scheme, for which an additional Rs.1,000 crore had been allocated in the last budget, with the implementation report saying: “The modalities are under consideration.”
Similar is the case with the Technology Development Fund that was meant to provide resources to public and private sector companies, including SMEs, as well as academic and scientific institutes to support R&D of defence systems that enhance the country's cutting-edge technology.
“Consultations with stakeholders have been completed and draft cabinet note is being prepared,” the implementation note said.
Chandaniya: Ashish Chanchlani's post was part of a promotion, a song released with Elli Avram; Users trolled him
Recently, YouTuber Ashish Chanchlani shared a romantic photo with actress Elli Avram and wrote 'Finally' in the caption. After this, discussions about their affair started. Many people also
Rich countries of the world will donate 100 crore doses of corona vaccine
British Prime Minister Boris Johnson has expressed hope that the G-7 countries will agree to give about 100 million doses of the corona vaccine to the poor countries of the world so that they can
Apple may launch the iPhone 12 series soon, know what is the price and features
New Delhi: The smartphone of the giant smartphone company Apple is very much liked all over the world. There is a good demand for Apple products in the market. Apple mobiles are known for their
Uddhav is scared, not overbearing like Balasaheb: instead of opening the poles of the leaders, he requested to return, but it is not easy for the rebels to enter Mumbai.
In his speech, Uddhav Thackeray neither mentioned any conspiracy, adopts an attacking attitude, nor surrounded any party or person, whereas Shiv Sainik is an attacker. But hearing Uddhav's speech, it
India's defeat changed the equation: Team India may be out if it loses to Bangladesh
Team India lost to South Africa by 5 wickets in the T20 World Cup on Sunday. After this result, the equation of Group 2 in Super-12 has changed a lot. Now 5 out of 6 teams of the group are competing
Putin will reward for producing more children: Offer to increase the population of Russia, 13 lakh rupees to women who have 10 children
Russia's population is declining. The country's President Vladimir Putin is upset by this. He has asked women to have 10 children to get out of this crisis. In doing this, women will be given 1
Big setback to BJP before Diwali, won only 7 seats in the by-elections; Seized bail on the seat won in Himachal
The BJP has suffered a setback in the results of assembly by-elections in 13 states that came before Diwali. On one hand, it has lost one Lok Sabha and one assembly seat in Himachal, while TMC has
Mandi Lok Sabha Election Result 2024: Kangana became 'Queen' in the first election itself, Congress was defeated; Vikramaditya suffered a crushing defeat
Bollywood queen Kangana Ranaut has made her mark in Mandi parliamentary constituency. Kangana has defeated her rival Congress party candidate and state Public Works and Urban Development Minister
Visa Fraud: Visa files of 64 people disappeared from the French Embassy, a case of fraud of 32 lakhs
There has been a new revelation in the visa fraud case in the French Embassy. Officials have told that the visa files of 64 high-risk persons related to the case have disappeared from the embassy
RG Kar Doctor Case: Will Sanjay Roy get life imprisonment or a death sentence? The court will pronounce the sentence on the culprit in the RG Kar case in the afternoon.
The sentence will be announced today in the RG Kar case of Kolkata, the capital of West Bengal. A Kolkata court will pronounce the sentence this afternoon to Sanjay Roy, who was convicted in the case
