3203 Damper: The MoD has abandoned the idea of creating a semi-autonomous and overarching Defence Acquisition Organisation. PTI
Amit Cowshish and Rahul Bedi
Amit Cowshish ex-Financial Adviser, Acquisition, MoD and Rahul Bedi Senior journalist
The Union government’s recent announcement of domestically sourcing a major proportion of its defence equipment requirements to achieve Atmanirbharta or self-reliance appears disingenuous as it’s neither new nor exceptional. It’s merely a continuation of a prevailing trend that has been progressively in play, albeit with a minuscule real increase in financial allocations by the Ministry of Defence (MoD) to help attain this long-awaited goal.
BW Businessworld
A Marginal Increase In Defense Budget Reels Under 9.5% Fiscal Imbalance In The Budget 2021
Defence Budget increased from Rs 4,71,000 crores to Rs 4,78,000 crores. Pension bill reduced from Rs 1,33,000 crores to Rs 1,15,000 crores. Marginal increase in Capital budget at Rs 1,35,060 crores from Rs 1,13,000 last FY. Fiscal burden at 9.5 % is dampening impact on the overall budget including defence.
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Defence Budget increased from Rs 4,71,000 crores to Rs 4,78,000 crores. Pension bill reduced from Rs 1,33,000 cr. to Rs 1,15,000 crores. Marginal increase in Capital budget at Rs 1,35,060 crores. from Rs 1,13,000 last FY. Capital budget is for the Modernisation fund for the armed forces.