defence budget

Centre commits $130 billion to boost military’s combat capability in 7 years

While India's spending has remained relatively constant in the last 10-15 years compared to its GDP, China's has significantly ramped up defence budget during the period.

published on : 10th September 2019

Finance panel to suggest defence fund allocation

Currently, the Centre-state formula for resource sharing as drawn up by previous finance commissions is 58:42.

published on : 18th July 2019

Voluntary cut in defence budget won't impact 'response potential': Pakistan army chief Gen. Bajwa

The Inter Services Public Relations (ISPR) said that voluntary cuts in the defence budget for a year would not be at the cost of defence and security.

published on : 6th June 2019

Pakistan military to cut defence budget amid economic crisis

Last month, the government announced that all civil and military institutions would contribute to the austerity-oriented federal budget for 2019-20.

published on : 5th June 2019

China hikes defence budget by 7.5 per cent to USD 177.61 billion

With this year's increase, China's defence spending moved closer to the USD 200 billion mark, making it the highest spender on defence after the United States.

published on : 5th March 2019

Rs 3.05 lakh crore allocated for defence sector in Union Budget

Interim Finance Minister Piyush Goyal said that the defence budget will be crossing Rs 3,00,000 crore for the first time in 2019-20.

published on : 1st February 2019