You were gonna say it was authored by @randomradio because it sounded optimistic weren't you ?Never mind.
You were gonna say it was authored by @randomradio because it sounded optimistic weren't you ?Never mind.
15-18 billion maybe not sure.130 billions in 5 years is 26 billions a year. What is our CAPEX now ? How big/small a change is this ?
As per randomradio, a whole host of procurements long overdue, were to commence from this budget. Why don't you get his expert analysis?
Personally I am quite disappointed with this budget. It is understandable that for last 5 years this government was giving higher priority to social and infrastructure expenditure over defense. But what's the point of ignoring defense sector even after winning a massive mandate ?? Particularly when Balakot was milked to it's core during election, what is the reason for such indifferent attitude ??
Did anybody stop MoD to sign any new deal this year ?? There are tons of defense purchases pending for all 3 services and according to you Indian govt should wait till 2022!! Kyon bhai, subh muhurat 2022 mein nikla hey kya ??It's because there's nothing long term is expected to be signed this year, or the next or the one after. So you are going to be 'disappointed' two more times.
Did anybody stop MoD to sign any new deal this year ?? There are tons of defense purchases pending for all 3 services and according to you Indian govt should wait till 2022!! Kyon bhai, subh muhurat 2022 mein nikla hey kya ??
I know about the process. If the process takes time who stopped the govt to proactively pursue the so called "PROCESS" ?? Why didn't they proceed for P-75I or Naval helicopters etc ?? It's just hog wash and delay tactics, nothing else!! They always have the G2G option which they have used according to their own convenience.Because of process. All major defence spending is geared towards signature by the end of Modi's current term. So you can look forward to signatures of major projects like MMRCA, P-75I, FRCV and NUH from 2022-24. Until then it's going to be competition and negotiations.
In the meantime, we will most definitely be signing other major deals, like 83 LCA Mk1A, 464 T-90MS, 2nd batch of Rafale, 2nd batch of S-400, 10 P-8I, 2 Phalcons, 21 Mig-29, 18 MKI etc over the next 3 years. Not counting a whole host of indigenous projects that are coming up, both for development and production.
So there's plenty of stuff coming up even without the long term, big ticket items.
I know about the process. If the process takes time who stopped the govt to proactively pursue the so called "PROCESS" ?? Why didn't they proceed for P-75I or Naval helicopters etc ?? It's just hog wash and delay tactics, nothing else!! They always have the G2G option which they have used according to their own convenience.
)We will not only make India an economic superpower but a superpower.
— Dinakar Peri (@dperi84) September 17, 2019
By 2032 we aim for Indian economy to be $10 trillion... Defence will have the biggest contribution in this: @DefenceMinIndia @rajnathsingh at annual session of @SIDMIndia @FollowCII@the_hindu pic.twitter.com/Iy6PwZBTcY
)Our govt has introduced far reaching reforms in the last five years... These reforms have touched all aspects of defence procurement, @rajnathsingh Lists out steps taken in this direction
— Dinakar Peri (@dperi84) September 17, 2019
)In our envisaged Defence Production Policy, we have spelt out our goal to achieve a turnover of $26 billion in aerospace and defence goods and services by 2025, involving an additional investment of $10 billion and creating employment for nearly 2-3 million people: @rajnathsingh
— Dinakar Peri (@dperi84) September 17, 2019
Dinakar Peri (@dperi84) Tweeted:
We will not only make India an economic superpower but a superpower.
By 2032 we aim for Indian economy to be $10 trillion... Defence will have the biggest contribution in this: @DefenceMinIndia @rajnathsingh at annual session of @SIDMIndia @FollowCII
@the_hindu Dinakar Peri on Twitter ()We will not only make India an economic superpower but a superpower.
— Dinakar Peri (@dperi84) September 17, 2019
By 2032 we aim for Indian economy to be $10 trillion... Defence will have the biggest contribution in this: @DefenceMinIndia @rajnathsingh at annual session of @SIDMIndia @FollowCII@the_hindu pic.twitter.com/Iy6PwZBTcY
Dinakar Peri (@dperi84) Tweeted:
Our govt has introduced far reaching reforms in the last five years... These reforms have touched all aspects of defence procurement, @rajnathsingh Lists out steps taken in this direction ()Our govt has introduced far reaching reforms in the last five years... These reforms have touched all aspects of defence procurement, @rajnathsingh Lists out steps taken in this direction
— Dinakar Peri (@dperi84) September 17, 2019
Dinakar Peri (@dperi84) Tweeted:
In our envisaged Defence Production Policy, we have spelt out our goal to achieve a turnover of $26 billion in aerospace and defence goods and services by 2025, involving an additional investment of $10 billion and creating employment for nearly 2-3 million people: @rajnathsingh ( )
Totally tongue in cheek!
@Ashwin ; @Milspec ; @randomradio
I'm referring to myself not Rajnath Singh.
MoD DAC approves following:
— Livefist (@livefist) November 28, 2019
1. AoN for 2 new aircraft platforms for @DRDO_India AWACS (@Airbus A330)
2. Additional @Boeing P-8I jets
3. Heavy Multirole Helicopters for @IndiaCoastGuard
No @GuynextdoorDefence ministry should ‘strongly press’ for more funds, says Parliamentary panel
The panel has underlined need to provide budgetary support to the armed forces.
Updated: Dec 24, 2019 07:58 IST
By Rahul Singh
India’s defence budget for 2019-20 stands at Rs 3.18 lakh crore. This includes a capital outlay of just Rs 1,03,394 crore that is not enough to upgrade capabilities and more money is required to avoid a funding crisis. (PTI)![]()
A parliamentary panel has asked the defence ministry to “strongly press” for additional funds from the finance ministry to enable the military to buy new equipment and also pay for weapons and systems it has already contracted to purchase, at a time when the armed forces have projected a combined requirement of almost Rs 1 lakh crore more under the capital head for 2019-20.
In a series of reports on demands for grants of the defence ministry for 2019-20, the Parliamentary standing committee on defence on Monday underlined the need to provide adequate budgetary support to the armed forces for powering different modernisation programmes and also pay for committed liabilities or procurements already made in the previous years.
India’s defence budget for 2019-20 stands at Rs 3.18 lakh crore. This includes a capital outlay of just Rs 1,03,394 crore that is not enough to upgrade capabilities and more money is required to avoid a funding crisis, said three senior military officers asking not to be named. The additional money sought by the army, navy and air force almost equals this year’s capital expenditure.
Measured against the country’s GDP, India’s defence spending currently stands at around 1.5% of the GDP, the lowest in decades. Several experts have argued that India should spend 3% of its GDP to build military capabilities to counter a combined threat from China and Pakistan. In written submissions to the parliamentary panel, the defence ministry said the requirements projected by the three services had been forwarded to the finance ministry for “favourable consideration”.
“While allocating funds, the ministry of finance analysed past absorption capacity of the services and the pace of expenditure in the current financial year. The committee understood that if this logic was applied, there was no reason not to allocate requisite budget for the forces as for the past few financial years they had been able to fully utilise the funds allocated to them at the revised estimates stage,” the panel said.
The armed forces have so far spent over 90% of funds on modernisation and committed liabilities, said the first senior officer. “Under the defence services estimates, committed liabilities constitute a significant element in respect of the capital acquisition segment, since one project may span several financial years. As such, it is important to track the element of committed liabilities, which hold first charge on budget allocation. The committee found the shortage baffling, as these are payments towards procurements made in previous years,” the panel said, recommending that allocation as promised should be disbursed for committed liabilities. On December 3, navy chief Admiral Karambir Singh highlighted that the navy needed funds for pursuing modernisation programmes as its share of the defence budget had declined from 18% to 13% during the last five years. The capital expenditure of Rs 23,156 crore earmarked for the navy isn’t sufficient to meet requirements and the service needs at least Rs 20,000 crore more, said the second officer.
Likewise, the capital expenditure of Rs 39,300 crore earmarked for IAF in this year’s budget is not enough and it requires an additional Rs 40,000 crore to upgrade capabilities, he added.
The army is seeking additional funds as the Rs 29,461 crore earmarked for the force fall short of its needs, said the third officer. Experts agree that the military needs more money. “A higher outlay is necessary for the armed forces to start becoming future-ready. While it is axiomatic that this will need more capital funding, the services too need to invest these and future funds more imaginatively,” said military affairs expert Rear Admiral Sudarshan Shrikhande (retd).
Defence ministry should ‘strongly press’ for more funds, says Parliamentary panel