At Rs.246,727 Crore, India's Defence spend hiked 7 Percent


Posted on 2nd Mar 2015 11:30 am by mohit kumar

New Delhi, Feb 28 (IANS) At Rs.246,727 crore ($40 billion), India's defence spend was Saturday hiked a modest 7.74 percent, with Finance Minister Arun Jaitley declaring that “defence of every inch of our land is above everything else”.

Presenting the budget 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, which is a mere Rs.17,727 crore over the Rs.229,000 crore Jaitley had provided in his maiden budget last July, accounts for 13.88 percent of the total government expenditure for 2015-16.

“The growth of the defence budget has been in spite of lower divisible pool in view of the 10 percent increase in state allocation (under the 14th Finance Commission,” Defence Minister Manohar Parrikar said in a statement.

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.

The capital outlay for the year has been kept at the Rs.94,588 that had been originally allocated for 20144-15 but was reduced to Rs.81,965 crore in the revised estimates.

“What is worrisome is that the allocation as a percentage of the GDP has been steadily going down. This time, it is 1.74 percent of the GDP against 1.75 percent last year and 1.8 percent a year before that,” security expert C. Uday Bhaskar, director of the Society for Policy Studies, told IANS.

A.K. Antony, the long-serving defence minister in the previous UPA governments, had often been pleading for defence allocation at three percent of the GDP.

“This is not a good sign and means that Parrikar has not been able to do much. We were hoping for a minister who would bite the bullet. Unfortunately, that hasn't happened,” he added.

“There is a very very deep structural flaw in the system. We have to decide what India needs and how we should spend the money. Whether it is the gun or tha man behind the gun, nothing seems to matter (for the government,” Bhaskar maintained.



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.”

“The fact that there has been no allocation on this count is going to send all the wrong signals,” Bhaskar said.

As for 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.

Did you know?Explore Trending and Topic pages for more stories like this.
0 Like 0 Dislike
Previous news Next news
Other news

Delhi Air Pollution: This year there is a possibility of relief from air pollution, this time there is a big reduction in the cases of stubble burning as compared to the previous years.

The entire National Capital Region (NCR), including Delhi, seems to be getting relief from air po

Kamal Haasan: 'Kamal is trying to defame Hindus', VHP accuses him of controversial remarks on Sanatan Dharma

Vishwa Hindu Parishad (VHP) on Monday strongly criticised Rajya Sabha MP and actor Kamal Haasan f

ED attaches Rs.130 crore assets in Jagan case

Hyderabad, March 26 (IANS) The Enforcement Directorate (ED) on Thursday attached properties wor

UP: Ambedkar's statue damaged before Constitution Day, villagers jammed, PAC called amid tension

On Thursday night before Constitution Day in the Jaunpur district of Uttar Pradesh, the statue of

Two ships on way to Yemen to rescue stranded Indians: Chandy

New Delhi/Thiruvananthapuram, March 28 (IANS) Two ships have set sail to Yemen to bring back st

Bhaiyya Ji Trailer: Trailer of Manoj Bajpayee's film 'Bhaiyya Ji' released, destroyed evildoers with a shovel

The trailer of Manoj Bajpayee's hundredth film 'Bhaiya Ji' has been released. This film is going

India-US Trade Deal: Talks on trade deal between India and America today, Trump sent his special 'envoy'

US President Donald Trump has imposed a 50 percent tariff on India. Discussions on a trade deal b

Major Uproar at Diljit Dosanjh's Concert: Slogans Raised Against the Singer.

Currently, Diljit Dosanjh is on his ‘Aura-2026’ tour. Recently, while the Punjabi sin

PM Shahbaz Sharif was scolded in Saudi Arabia, people raised slogans of 'chor-chor'

Pakistan Prime Minister Shahbaz Sharif is on a visit to Saudi Arabia with his delegation. The vis

Mid-term election primary begins in America: Biden's Democratic Party lags behind Trump's Republican, inflation is the biggest issue

Mid-term election primaries have begun in the US. In a recent survey by three agencies, President

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash