Defence Budget 2024-25: Modest hike on paper, dip in real terms from last year

Indian Army tanks during a Republic Day parade in New Delhi. (File photo for representation.)New Delhi: The Union Budget 2024-25, presented by the finance minister, Nirmala Sitharaman, has allocated a record ₹6.21 lakh crore (approximately $77....

Union Budget 2023-24: Defence sector gets total of ₹5.94 lakh crore with ₹1.62 lakh crore for capital expenditure

Nirmala Sitharaman, Union finance minister, before presenting the Budget 2023-24 in Parliament. (Photo: Twitter)New Delhi: The finance minister, Nirmala Sitharaman, allocated ₹5.94 lakh crore for the defence sector while announcing the Union Bu...

Defence Ministry asks defence pensioners to complete annual identification process

New Delhi: With an objective to ensure smooth processing of monthly pension, the defence minister has urged the defence pensioners to complete their annual identification or life certification immediately.Stating that the process is a statutory requi...

MoD implements web portal SPARSH for defence pension

New Delhi: The defence ministry has implemented SPARSH [System for Pension Administration (Raksha)], an integrated system for automation of sanction and disbursement of defence pension.This web-based system processes pension claims and credits pensio...

Defence Budget up 6% to Rs 3.37 lakh crore

New Delhi: Defence Budget for this fiscal saw a marginal increase of six per cent to Rs 3.37 lakh crore in comparison to last year's Rs 3.18 lakh crore.

This year’s budget allocation for defence sector, without taking into acco...

Union Budget: Rs 3.19 lakh cr allocated to Defence sector

New Delhi: In a boost to Defence sector, the Government on Friday allocated Rs 3.19 lakh crore in 2019-20 as compared to Rs 2.98 lakh cr in the previous year. "The allocation of Rs 3,18,931.22 cr. represents a growth of 7.93% over Budget estimat...