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Interim Budget 2024: 6.21 lakh crore for defence as govt outlines new tech plan

This year’s defence budget accounts for 1.89% of the country’s projected gross domestic product (GDP) for 2024-25

India on Thursday set aside <span class='webrupee'>₹</span>6.21 lakh crore for defence spending in the interim budget for 2024-25 (HT Photo)
Updated on Feb 02, 2024 01:52 AM IST
ByRahul Singh, New Delhi

India sets aside 6.21 lakh crore for defence, announces new scheme for deep tech

This year’s defence budget accounts for 1.89% of the country’s projected gross domestic product (GDP) for 2024-25

Union finance minister Nirmala Sitharaman presents the Interim Union Budget 2024 in the Lok Sabha on Thursday. Prime Minister Narendra Modi, Union home minister Amit Shah and defence minister Rajnath Singh also seen. (ANI)
Updated on Feb 01, 2024 08:25 PM IST
ByRahul Singh

Taiwan’s presidential election will be a three-way race after all

Even with a divided opposition, polls point to a tight contest

Taiwan President Tsai Ing-wen.(Reuters)
Published on Nov 26, 2023 08:00 AM IST
The Economist

Domestic share in defence acquisitions raised to 75%

The defence minister called the decision an unprecedented step taken by the government at the outset of Amrit Kaal (the 25 years leading to India’s independence centenary) to accelerate the growth of the domestic defence sector.

Defence Minister Rajnath Singh speaks at a seminar during Aero India 2023, at Yelahanka Airbase, in Bengaluru on Wednesday.(ANI)
Updated on Feb 16, 2023 04:26 AM IST
ByRahul Singh, Bengaluru

India spent 20,776 cr on border security after China row

India earmarked ₹1.13 lakh crore as military capital expenditure in budget 2020-21 but revised estimates (RE) presented in Parliament by finance minister Nirmala Sitharaman show the military ended up spending ₹1.34 lakh crore on modernisation.

India has set aside <span class='webrupee'>₹</span>4.78 lakh crore for military spending in its budget for 2021-22, compared to last year’s <span class='webrupee'>₹</span>4.71 lakh crore.(ANI)
Updated on Feb 02, 2021 04:32 AM IST
By, New Delhi
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