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The order will come as a boost for HSL, which has been struggling with getting orders from the government. The yard has delivered a missile tracking vessel and has carried out refit and upgrades of Kilo class submarines. ....
Amid LAC standoff, fortifying defence via modernisation tribuneindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneindia.com Daily Mail and Mail on Sunday newspapers.
The Defence Budget 2022 has increased the capital outlay for modernisation of armed forces by nearly 13 per cent. There is also provision for a boost in road infrastructure in border areas, and maritime security. ....
NBP edge WAPDA to win third CNS hockey title thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.
Group Captain Murli Menon (Retd) Defence Analyst It is a long-established, desirable criterion in Indian economic planning that our yearly defence budget expenditure approximates to at least 3% of our Gross Domestic Product (GDP). But this has remained wishful thinking, more so in times of relatively higher level of national threat perception as experienced recently, indeed continuously being on a downward vector over the past five years specifically. In the current fiscal, after the dramatic 23.9% contraction in our economy during April-June 2020 due to the Covid-induced lockdown , defence spending as a percentage of GDP would albeit go up to 2% from the 1.6-odd percentile of the previous five years. This, of course, is a deceptive indicator, effectively not providing enough funds for defence modernisation. Taking the example of the IAF which tends to have capital-intensive procurements, its share of the national budget has varied from 7.4% in 2007-08 to 18.20% in 2017-18 ....