Defence budget 2016 This is the first time in public memory that outlay for defence was not covered by the Finance Minister in his speech to the Lok Sabha.
2. The Defence Budget used to be covered under eight demands till FY 2015-16 (Demand Numbers 21 to 28) but is now under only four demands (Numbers 20 to 23).
Vibrant Gujarat Summit Profile on Defence offsetVibrant Gujarat
• With perceived threats and a recovering economy, defence spending to increase substantially.
• Present Offset Opportunity is estimated at USD 5 bn.
• Offset opportunity expected to rise to USD 12 billion over next 3 years and USD 4‐5bn per year thereafter.
• Greater private sector participation in defence, to be in favour of Indian companies.
• 55% of offset contracts are taken by the private sector.
• Indian Aerospace and Defence industry are emerging as an outsourcing hub for many services like CAD,CAM and CAE, manufacturing and design engineering, testing and integration, and technical publications
Aerospace and Defence Sector Diversification | ACMAIndia ACMA
Over the years the years, Indian auto component players have strongly integrated themselves into the global automotive supply chain primarily through their established manufacturing processes and world-class quality. They have been the torchbearers of Indian auto industry’s success story and a case study for our frugal manufacturing skills. The auto component sector has been the face of “Make in India” drive for more than a decade.
Indian defence and aerospace sector is fast emerging as the sunrise sector and will take the centre stage in government’s “Make in India” drive. The government’s push for indigenization in defence and growing interest from global commercial aerospace players to source from Indian suppliers, have opened up multiple supply chain opportunities for Indian private players.
We strongly feel, ACMA members are best positioned to grab these opportunities in the sector due to their proven manufacturing capabilities. The Indian auto component players have all the right ingredients in place to repeat the success story of automotive in aerospace & defence sector. This is the right time for the ACMA member companies to devise a clear strategy and come out with an action plan for the sector.
In this context, KPMG had been appointed by ACMA to assist them in their endeavour towards diversification into aerospace & defence. Our efforts have received overwhelming support from the global aerospace & defence companies and have been
successful in positioning ACMA as the right partner for the global OEMs and Tier1s who are looking at sourcing from India.
We are glad to jointly release the Aerospace & Defence sector diversification report with KPMG. The report captures the sector’s landscape, opportunities, challenges and outlines the road map for the ACMA members who are aspiring to be a part of the sector. We hope you will find this document useful and informative in planning your next steps.
This presentation details the overview of the aerospace & defense sector. It highlights the current scenario of the sector in India as well Gujarat and also features details about government policies and Make in India initiative to develop industries & promote investment in the sector.
Make in-India- An Overview of Defence-Manufacturing-in-IndiaSinghania2015
It is in strategic interest of a nation aspiring to be the regional power to develop
indigenous and internationally competitive defence industry base. Presently,
India is one of the largest importers of conventional defence equipment.
According to government statistics, roughly 60% of India’s defence
requirements are met through imports.
India has the potential to emerge as a global platform for defence research,
manufacturing, supply chain sourcing, software development, and offsets, which will strengthen our
defence capabilities and spur industrial development as well as exports in this sector.
Government is also carrying out reforms in defence procurement to increase efficiency, invite foreign
players with excellent capabilities and encourage domestic industry. It has introduced policies to
strengthen technology transfer, including liberalized FDI in defence production. The report of Committee
of Experts for Amendments to Defence Procurement Policy (DPP) 2013 is a progressive step in this
direction. Also, Make in India the new flagship program of Government of India has put a renewed
emphasis on creating a conducive policy environment for improving domestic defence manufacturing.
These radicle initiatives present opportunities for the foreign companies to enter India and local
companies to collaborate and design, develop and showcase their engineering strength. This will also
further India’s objective to create jobs, catalyze technology development, and transform India into a selfreliant
nation with export capabilities in defence sector. India’s existing wealth of talent, technology and
cost advantages together can help make defence products globally competitive.
“2020 will be the worst year in history for airlines"
International Air Transport Association (IATA)
As per CRISIL, the aviation industry is expected to have revenue loss of Rs 24,000–25,000 crores (more than $3 billion USD) in FY2020-21 and it will take the industry at least 6-8 quarters to come back to 2019 traffic levels. On the other hand, ICRA says that domestic passenger traffic to witness degrowth of ~41-46% in FY 2020-21, with the domestic passenger traffic reaching much lower than FY2015-16 levels.
While India resumed the domestic air travel in a phased manner, international passenger travel is still banned at least till 30th June 2020. Even after the resumption, the social distancing norms will put significant pressure on the airline companies in the form of lower load factors and higher operating costs.
Lower traffic, lower load factors and higher operating costs are expected to result in severe economic pressure in this sector. We can expect increased NPA, a few defaults and increased consolidation in this sector in the coming years.
This is one of the hardest affected sectors by the pandemic. Let us talk about the aviation industry in India.
Billion Dollar Opportunities in the Indian Defence SectorDr. Amit Kapoor
This presentation was delivered by Dr V K Saraswat at India's National Competitiveness Forum 2015, the flagship event of India Council on Competitiveness.
Institute for Competitiveness (India) the Indian knot in the global network of the Institute for Strategy and Competitiveness at Harvard Business School has initiated the India Council on Competitiveness. The Council, created in collaboration with the U.S. Council on Competitiveness; is based in Gurgaon, India and is an association of distinguished members from industry, academia, think tanks, media and researchers. The mission of the India Council is to set an action agenda to drive Indian competitiveness, productivity and leadership in world markets to raise the standard of living for all Indians. For more information, visit www.compete.org.in
Defence budget 2016 This is the first time in public memory that outlay for defence was not covered by the Finance Minister in his speech to the Lok Sabha.
2. The Defence Budget used to be covered under eight demands till FY 2015-16 (Demand Numbers 21 to 28) but is now under only four demands (Numbers 20 to 23).
Vibrant Gujarat Summit Profile on Defence offsetVibrant Gujarat
• With perceived threats and a recovering economy, defence spending to increase substantially.
• Present Offset Opportunity is estimated at USD 5 bn.
• Offset opportunity expected to rise to USD 12 billion over next 3 years and USD 4‐5bn per year thereafter.
• Greater private sector participation in defence, to be in favour of Indian companies.
• 55% of offset contracts are taken by the private sector.
• Indian Aerospace and Defence industry are emerging as an outsourcing hub for many services like CAD,CAM and CAE, manufacturing and design engineering, testing and integration, and technical publications
Aerospace and Defence Sector Diversification | ACMAIndia ACMA
Over the years the years, Indian auto component players have strongly integrated themselves into the global automotive supply chain primarily through their established manufacturing processes and world-class quality. They have been the torchbearers of Indian auto industry’s success story and a case study for our frugal manufacturing skills. The auto component sector has been the face of “Make in India” drive for more than a decade.
Indian defence and aerospace sector is fast emerging as the sunrise sector and will take the centre stage in government’s “Make in India” drive. The government’s push for indigenization in defence and growing interest from global commercial aerospace players to source from Indian suppliers, have opened up multiple supply chain opportunities for Indian private players.
We strongly feel, ACMA members are best positioned to grab these opportunities in the sector due to their proven manufacturing capabilities. The Indian auto component players have all the right ingredients in place to repeat the success story of automotive in aerospace & defence sector. This is the right time for the ACMA member companies to devise a clear strategy and come out with an action plan for the sector.
In this context, KPMG had been appointed by ACMA to assist them in their endeavour towards diversification into aerospace & defence. Our efforts have received overwhelming support from the global aerospace & defence companies and have been
successful in positioning ACMA as the right partner for the global OEMs and Tier1s who are looking at sourcing from India.
We are glad to jointly release the Aerospace & Defence sector diversification report with KPMG. The report captures the sector’s landscape, opportunities, challenges and outlines the road map for the ACMA members who are aspiring to be a part of the sector. We hope you will find this document useful and informative in planning your next steps.
This presentation details the overview of the aerospace & defense sector. It highlights the current scenario of the sector in India as well Gujarat and also features details about government policies and Make in India initiative to develop industries & promote investment in the sector.
Make in-India- An Overview of Defence-Manufacturing-in-IndiaSinghania2015
It is in strategic interest of a nation aspiring to be the regional power to develop
indigenous and internationally competitive defence industry base. Presently,
India is one of the largest importers of conventional defence equipment.
According to government statistics, roughly 60% of India’s defence
requirements are met through imports.
India has the potential to emerge as a global platform for defence research,
manufacturing, supply chain sourcing, software development, and offsets, which will strengthen our
defence capabilities and spur industrial development as well as exports in this sector.
Government is also carrying out reforms in defence procurement to increase efficiency, invite foreign
players with excellent capabilities and encourage domestic industry. It has introduced policies to
strengthen technology transfer, including liberalized FDI in defence production. The report of Committee
of Experts for Amendments to Defence Procurement Policy (DPP) 2013 is a progressive step in this
direction. Also, Make in India the new flagship program of Government of India has put a renewed
emphasis on creating a conducive policy environment for improving domestic defence manufacturing.
These radicle initiatives present opportunities for the foreign companies to enter India and local
companies to collaborate and design, develop and showcase their engineering strength. This will also
further India’s objective to create jobs, catalyze technology development, and transform India into a selfreliant
nation with export capabilities in defence sector. India’s existing wealth of talent, technology and
cost advantages together can help make defence products globally competitive.
“2020 will be the worst year in history for airlines"
International Air Transport Association (IATA)
As per CRISIL, the aviation industry is expected to have revenue loss of Rs 24,000–25,000 crores (more than $3 billion USD) in FY2020-21 and it will take the industry at least 6-8 quarters to come back to 2019 traffic levels. On the other hand, ICRA says that domestic passenger traffic to witness degrowth of ~41-46% in FY 2020-21, with the domestic passenger traffic reaching much lower than FY2015-16 levels.
While India resumed the domestic air travel in a phased manner, international passenger travel is still banned at least till 30th June 2020. Even after the resumption, the social distancing norms will put significant pressure on the airline companies in the form of lower load factors and higher operating costs.
Lower traffic, lower load factors and higher operating costs are expected to result in severe economic pressure in this sector. We can expect increased NPA, a few defaults and increased consolidation in this sector in the coming years.
This is one of the hardest affected sectors by the pandemic. Let us talk about the aviation industry in India.
Billion Dollar Opportunities in the Indian Defence SectorDr. Amit Kapoor
This presentation was delivered by Dr V K Saraswat at India's National Competitiveness Forum 2015, the flagship event of India Council on Competitiveness.
Institute for Competitiveness (India) the Indian knot in the global network of the Institute for Strategy and Competitiveness at Harvard Business School has initiated the India Council on Competitiveness. The Council, created in collaboration with the U.S. Council on Competitiveness; is based in Gurgaon, India and is an association of distinguished members from industry, academia, think tanks, media and researchers. The mission of the India Council is to set an action agenda to drive Indian competitiveness, productivity and leadership in world markets to raise the standard of living for all Indians. For more information, visit www.compete.org.in
This presentation is about defence budget of Bangladesh its goal , target, special budget, future of this sector, major challenges, overcoming those challenges. Also it deals with Force goal 2030
Catharsis & Crises in government finances in IndiaShantanu Basu
Briefly analyses the rising indebtedness of governments in India, illustrates the formation of worthless ministerial empires that are no more than brokers and makes a strong case for separating policy from implementation to minimise waste and rent-seeking in government expenditure.
Union budget- Introduction, classification, procedure, current status of budget in India, military budget in India. Defence budget in India-its status, focus and forecasts of budgets
This new edition of Beacon consists of Industry analysis of Defence, Brand Analysis of Royal Enfield, Case study of Hippo, Surrogate Advertising as the concept of the month.
Here table of contents:
1. Introduction: Global Defense
2. Importance of Self Reliance in Defense for India
3. Concept of Make in India
4. Initiatives under Make in India
5. Defense Procurement Policy: Major Change
6. Future Scope of Make in India and Conclusion
Thank You
Reach me at deshadi805@gmail.com
To provide information about its plans beyond the coming year, the Department of Defense (DoD) generally provides a five-year plan, called the Future Years Defense Program (FYDP), that is associated with the budget it submits to the Congress. Because decisions made in the near term can have consequences for the defense budget in the longer term, CBO regularly examines DoD’s FYDP and projects its budgetary impact for roughly a decade beyond the period covered by the FYDP. For this analysis, CBO used the FYDP that was provided to the Congress in April 2014; it spans fiscal years 2015 to 2019, and CBO’s projections span the years 2015 to 2030.
For fiscal year 2015, DoD requested appropriations totaling $555 billion. Of that amount, $496 billion was for the base budget and $59 billion was for what are termed overseas contingency operations (OCO). The base budget covers programs that constitute the department’s normal activities, such as the development and procurement of weapon systems and the day-to-day operations of the military and civilian workforce. Funding for OCO pays for U.S. involvement in the war in Afghanistan and other nonroutine military activities elsewhere. The FYDP describes DoD’s plans for its normal activities and therefore generally corresponds to the base budget.
DoD’s 2015 plans differ from its 2014 plans in important ways. For example, in an effort to reduce costs, the current FYDP includes sizeable cuts in the number of military personnel, particularly in the Army.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
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NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad, Mandi Bah...
DEFENCE SECTOR BUDGET ANALYSIS
1. SHRI RAMSWAROOP MEMORIAL UNIVERSITY
SESSION: 2019 -20
SUBJECT :- PUBLIC FINANCE ( BCM4007 )
TOPIC :- DEFENCE SECTOR
MADE BY :
VINODKUMAR YADAV
B.COM ( H )
201810701110008
2. Historical background of defence sector .
The defence industry of india is a strategically important sector in india . with
a strength of over 1.44 million active personnel, it is the world's largest military
force. India has the world's largest volunteer military of over 5.1 million
personnel. The total budget sanctioned for the indian military for the financial
year 2019 is $60.9 billion.
"Defence production policy of 2018" (dprp-2018) has a goal of becoming
among the top 5 global producers of the aerospace and defence
manufacturing with annual export target of us$5 billion by 2025.
Despite having a modest internal defence industry, india is the
largest arms importer in the world, with most of its high-tech, high-value
equipment such as aircraft, ships, submarines, missiles, etc. Coming in
from russia .
3. 12% of worldwide arms exports (by value) reach india. India
domestically produces only 45% to 50% of defence products it
uses, and the rest are imported. india's military–industrial complex
has had little success and only recently private sector was allowed
to enter the defence production. India's defence exports were INR
4,682 crore (US$0.66 billion) in 2017–2018 and INR10,500 crore
(US$1.47 billion) in 2018–2019, of 2018–2019 exports india's 8
defence public sector undertakings (DPSU) and 41 ordnance
factories (OF) contributed INR800 crore (7.6% of total defence
exports).
4. FDI IN DEFENCE SECTOR .
Even though modi government has been trying hard to get FDI in
defence sector by first raising the cap from 26% to 49% through
automatic route and 100% through mod's approval, whereby the
investing foreign entity can have ownership up to 100% in the
defence manufacturing, it has received A dismal response with A
meagre investment of just US$0.08 million (INR 56 lacs) in 2014–15,
US$0.10 million (INR 71 lac) in 2015–16, US$0.01 million (INR 7 lacs) in
2017–18 and US$2.18 million (INR 15 crores) during 2018–19
5. YEAR TOTAL FDI IN DEFENCE
2014 - 15 USD 0.08 million (INR 56 lacs) .
2015 - 16 USD 0.10 million (INR 71 lac) .
2017 - 18 USD 0.01 million (INR 7 lacs).
2018 - 19 USD 2.18 million (INR 15 crores)
6. In a marginal hike, the defence budget was increased to Rs
3.37 lakh crore for 2020-21 against last year’s Rs 3.18 lakh
crore, belying expectations of a significantly enhanced
allocation to fast-track long-pending military
modernisation.
Out of total allocation, Rs 1.13 lakh crore has been set aside
for capital outlay to purchase new weapons, aircraft,
warships and other military hardware, according to the
Union Budget presented in Lok Sabha by Finance Minister
Nirmala Sitharaman.
7. The revenue expenditure which includes expenses on
payment of salaries and maintenance of establishments has
been pegged at Rs 2.09 lakh crore. The revenue
expenditure which includes expenses on payment of
salaries and maintenance of establishments has been
pegged at Rs 2.09 lakh crore.
The size of defence budget stands at Rs 4.71 lakh crore if a
separate allocation of Rs 1.33 lakh crore set aside for
payment of pensions is taken into account.
The capital outlay of Rs 1,13,734 crore is an increase of Rs
10,340 crore as against last year's budget estimate of
1,03,394 crore.
8. MOD BUDGET :- DEFENCE , CIVIL , PENSION .
YEAR DEFENCE SERVICE
RS IN (CRORE)
MOD ( CIVIL )
( RS IN CRORE)
PENSION
( RS IN CRORE )
TOTAL
( RS IN CRORE )
2018-19 290802
(72)
10881
(3)
101775
(25)
403457
2019-20 (BE) 305296
(71)
13635(3) 112080
26)
431011
2019-20 (RE) 316296
(70)
14714
(3)
117810
(26)
448820
2020-21 (BE) 323053
(69)
14500
(3)
133825
(28)
471378
9. Figures in parenthesis represent percentage share in MoD’s total
expenditure. MoD (Civil) includes MoD Secretariat, Border Roads
Organisation, Defence Accounts Department, Coast Guard Organisation,
Defence Estate Organisation, Jammu and Kashmir Light Infantry, Armed
Forces Tribunal, etc. BE and RE represent Budget Estimate and Revised
Estimate, respectively.
the MoD’s total allocation, revenue expenditure amounts to 75 per cent
and capital expenditure 25 per cent. It is important to note that while
MoD’s revenue segment represents just 13 per cent of the central
governments’ total revenue budget, its capital expenditure amounts to
29 per cent of the total capital outlays of the union budget.
10. Defence Budget 2020-21: Growth over Previous Allocation.REVENUE ( RS IN
CRORE )
CAPITAL
( RS IN CRORE )
TOTAL
( RS IN CRORE )
2019-20 (BE) 201902 103394 305296
2019-20 (RE) 205902 110394 316296
2020-21 (BE) 209319 113734 323053
Increase in 2020-21 (BE) over 2019-20
(BE)
7417 (3.7) 10340 (10.0) 17757 (5.8)
Increase in 2020-21 (BE) over 2019-20
(RE)
3417 (1.7) 3340 (3.0) 6757 (2.1)
12. Revenue and Capital Expenditure of Army, Navy
and Air Force, 2020-21
ARMY NAVY AIR FORCE
Revenue Expenditure (Rs in Crore) 1,46,941 22,935 29,963
Capital Expenditure (Rs in Crore) 32,474 26,688 43,282
Total (Rs in Crore) 1,79,415 49,623 73,245
Revenue Expenditure as % of Total 82 46 41
Capital Expenditure as % of Total 18 54 59
13. MODERNISATION
Modernisation outlays for individual services in respect of budget and
revised estimates of 2019-20 and budget estimate of 2020-21. As can be
seen, all three services have got a hike in their 2020-21 modernisation
budget, with the overall increase being 11 per cent or Rs. 9,227
crore. However, in comparison to the revised budget of 2019-20, the
increase is a mere Rs. 255 crore. The meagre increase vis-à-vis revised
allocation looks grossly under-provisioned in view of the vast shortages
existing in capital procurement.
14. Modernisation Budget of Indian Armed Forces
2019-20 (BE)
( RS IN CRORE )
2019-20 (RE)
( RS IN CRORE )
2020-21 (BE)
( RS IN CRORE )
% Increase in 2020-
21 (BE)
over 2019-20 (BE)
ARMY
22951 23517 13.3
NAVY
25155 15.9
AIR FORCE
41722 39031 7.3
TOTAL 90394 11.3
15. Modernisation Budget of Indian Army
MODERNISATION
HEAD
2019-20 (BE)
(RS IN CRORE )
2019-20 (RE)
( RS IN CRORE )
2020-21 (BE)
( RS IN CRORE )
% Increase in 2020-
21 (BE)
over 2019-20 (BE)
Aircraft & Aero-
Engine
4000 89.1
Heavy & Medium
Vehicles
2128
1466 1589 -25.3
Other Equipment 20209 8.9
Rolling Stock 50 3 100 100
Rashtriya Rifles 95 95 100 5.3
Total 22951 25999 13.3
16. Modernisation Budget of Indian Navy
MODERNISATION
HEAD
2019-20 (BE)
( RS IN CRORE )
2019-20 (RE)
( RS IN CRORE )
2020-21 ( BE)
( RS IN CRORE )
% Increase in
2020-21
(BE) over 2019-20
Aircraft & Aero-
Engine
2400 1150 4640 93.3
Heavy & Medium
Vehicles 45 25 30 -33.3
Other Equipment 3500 3600 3000 -14.3
Joint Staff 929 929 1022 10.0
Naval Fleet 12182 15434 12746 4.6
Naval
Dockyard/Projects 3050 4017 4182 37.1
Total 22106 25155 25620 15.9
17. Modernisation Budget of Indian Air Force
MODERNISATION HEAD
2019-20 (BE)
(RS IN CRORE )
2019-20 (RE)
( RS IN CRORE )
2020-21 (BE)
( RS IN CRORE )
%
Increase
in 2020-
21 (BE)
over
2019-20
(BE)
Aircraft & Aero-Engine 24807 21736 26910 8.5
Heavy & Medium
Vehicles
110 110 120 9.1
Other Equipment 11448 19876 12001 4.8
Total 36365 41722 39031
7.3
