Finance Minister Nirmala Sitharaman on Wednesday presented the Union Budget 2023 in Parliament. This year, defence allocations grew by 12.9 percent as compared to the previous financial year. The budgetary allocation for defence for FY 2023–24 is Rs 5.93 lakh crore. Meanwhile, last year, it was Rs 5.25 lakh crore.
Tag Archives: Defence Ministry
Defence Ministry Places Order For 118 Indigenous Main Battle Tanks Arjun Mk-1A for Indian Army
Ministry of Defence (MoD) placed an order with Heavy Vehicles Factory (HVF), Avadi, Chennai for supply of 118 Main Battle Tanks (MBTs) Arjun Mk-1A for the Indian Army on September 23, 2021. The order, worth Rs 7,523 crore, will provide further boost to the ‘Make in India’ initiative in defence sector and is a big step towards achieving ‘Aatmanirbhar Bharat’, envisioned by Prime Minister Narendra Modi.
MoS Defence Ajay Bhatt Visits Indian Military Academy, Interacts With GCs Undergoing Pre-Commissioning Training At IMA
Minister of State For Defence Ajay Bhatt on visited Indian Military Academy, Dehradun on September 2 and 3, 2021. The Minister interacted with Commandant, Indian Military Academy (IMA) and the Gentlemen Cadets undergoing pre-commission training at the academy in Dehradun.
IAF Signs Rs 300 Crore Emergency Contract With Russia To Procure 70,000 AK-103 Assault Rifles
The Indian Air Force (IAF) signed a deal to procure 70,000 AK-103 assault rifles from Russia. The contract signed by the IAF is emergency provisions to replace INSAS rifles. AK-103 rifles are expected to come within the next few months into the service. As per reports, the force has a requirement of 1.5 lakh rifles. The entire contract reportedly is around Rs 300 crore. It was signed last week.
INS Vikrant, Indigenous Aircraft Carrier, Returns to Kochi After Successfully Completing Maiden 5-Day Sea Voyage
Indigenous Aircraft Carrier (IAC) ‘Vikrant’ successfully accomplished its maiden sea voyage today for which she had sailed on August 3, 2021 from Kochi. Trials progressed as planned and system parameters proved satisfactory. The carrier would continue to undergo series of sea trials to prove all equipment and systems prior handing over the vessel to the Indian Navy.
BrahMos, Supersonic Cruise Missile, Successfully Test-Fired From Indian Navy’s Stealth Destroyer INS Chennai
India on Monday successfully test-fire BrahMos, the supersonic cruise missile, from Indian Navy’s indigenously-built stealth destroyer INS Chennai. BrahMos hit a target in the Arabian Sea during the test-firing. The missile hit the target successfully with pin-point accuracy after performing high-level and extremely complex manoeuvres.
General Bipin Rawat Takes Over as India’s First Chief of Defence Staff; Here is What New Uniform of CDS Looks Like
A day after General Bipin Rawat was India’s first Chief of Defence Staff (CDS), the Additional Directorate General of Public Information (ADGPI) on Tuesday tweeted out images of the badges of his new uniform. General Bipin Rawat today retired as the Chief of Army Staff
Indian Navy to Get 10 Kamov-31 Russian Choppers; Defence Ministry Approves Rs 3,600 Crore Deal
The Defence Ministry on Friday approved the procurement of 10 Kamov Ka-31 Airborne Early Warning and Control helicopters for the Indian Navy. According to reports, the total cost of the deal would be around Rs 3,600 crore. These helicopters would be deployed aircraft carriers and warships.
Indian Air Force to Call Off Deal to Procure 20 Hawk Jets
A defence deal to buy 20 Hawk Advanced Jet Trainer planes is likely to be called off by the Air Force. The main reason for scrapping the deal is that the price to buy these advance trainer jets are like to cost more than Rs 2,000 crore, which is beyond the expectations of the defenceContinue reading “Indian Air Force to Call Off Deal to Procure 20 Hawk Jets”
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