Even as Finance Minister, Nirmala Sitharaman, unveiled India’s Union Budget for the financial year (FY) 2021-2022 in Parliament on Feb 1, there was no statement on the allocation of the defence budget, the absence of which was prominently noticeable. A thorough review of it is thus merited.
At INR 4,78,195.62 crores, the Ministry of Defence’s budget estimate for FY 2021-2022 rose by a nominal 1.4%; though in light of the pandemic-induced economic downturn and healthcare expenditure, emergency defence procurement amounting to INR 20,776 crores that India has had to make in the face of an increasingly belligerent and assertive China, and the absence of any increase in taxes or the imposition of a COVID cess, even such a bare increase should not be judged too harshly. On the contrary, defence spending stands at 13.7% of the total budget and incorporates many noteworthy changes that indicate a much-needed course correction towards a more efficient use of finances. While the budget a
MSMEs bag ₹203 cr defence orders at Aero India 2021
February 05, 2021
Defence Minister Rajnath Singh - PTI×
60 start-ups in 30 tech areas display their prowess before the aerospace industry
Anil Urs Micro, Small and Medium Enterprises (MSMEs) which took part in the country’s premier aerospace event, Aero India 2021, have got orders worth over ₹203 crore.
Defence Minister Rajnath Singh speaking at the ‘Start-up Manthan’ organised by Innovation for Defence Excellence (iDEX) at the Air Force Station, here on Friday said, “These 45 MSMEs bagging orders worth ₹203 crore is very heartening news and I am sure it will grow further.”
“In the aerospace sector, 300-plus start-ups are currently engaged and under iDEX, 10 start-ups have developed products worth ₹100 crore which have been showcased at the event,” he added.
Start-ups to drive Indian economy soon, says Defence Minister at Aero India
He said 60 winners out of more than 1,200 start-ups and innovators who participated in the Defence India Start-up Challenge (DISC) have received grants of up to Rs 1.5 crore each to build prototypes
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Defence Minister Rajnath Singh during the inaugural ceremony of Aero India 2021 show in Bengaluru. (Photo | Shriram BN, EPS) By Express News Service
BENGALURU: The latest version of the Defence Acquisition Procedure 2020 allows start-ups to participate in Make-in-India forums and reserves projects up to Rs 100 crore for Micro, Small and Medium Enterprises (MSMEs), Defence Minister Rajnath Singh said on Friday.
Quest for ‘atmanirbhar’ modernisation of forces January 31, 2021, 9:29 AM IST
Lt General KJ Singh superannuated in August 2016 after 39 years of distinguished service. He commanded the formidable Western Command, an operationally committed Corps in the North East having borders with four countries, an armoured division in the strike corps, a T-90 armoured brigade, and an elite armoured regiment, 63 Cavalry. He is currently holding the prestigious Ranjit Singh Chair of Excellence in the Panjab University, Chandigarh. LESS. MORE
India is grappling with an aggressive Dragon in the north, with uneasy stalemate on LAC beginning to acquire LoC type character. Hence, expectations from defence budget are indeed very high. These are further fuelled by the stark reality that challenges have multiplied, with no resolution in sight on the western border. They are further exacerbated by China and Pakistan acting in collusive mode. Even internally, quest for conflict res
Tribune News Service
New Delhi, January 21
Indian Army Chief Gen MM Naravane today questioned the slow pace of acquiring new weapons and military platforms terming red-tapism as a “vicious cyc