New Delhi: To make the Indian defence industry self-reliant and boost indigenisation, the Ministry of Defence banned the import of 101 items on Sunday. The MoD has also bifurcated the capital procurement budget for 2020-21 between domestic and foreign capital procurement routes. A separate budget head has been created with an outlay of nearly Rs 52,000 […]
Tag: Defence
From Balakot to Rafale, CDS, eventful 2019 for defence
New Delhi: From carrying out air strike at terror camps in Pakistan to creation of Chief of Defence Staff (CDS) post and also from witnessing ‘fidayeen’ attack in Kashmir and to shooting down of a Mi-17 V5 helicopter in a friendly fire, 2019 saw a year of highs and lows for Indian defence sector. The […]
No gear shift in defence spending
New Delhi: Finance Minister Nirmala Sitharaman did not lose purse strings to fund modernisation of the armed forces in the Union Budget presented on Friday, as the allocation for defence remained on the lines of the interim Budget presented earlier this year as the outlay stood at Rs 3.18 lakh crore. Defence allocation did not […]