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  China hikes defence budget by 7.5 per cent to USD 117.6 billion

  Budget | March 05, 2019 16:38 IST

  The 2019 defence budget will be 1.19 trillion yuan (about USD 177.61 billion), according to a draft budget report submitted by Chinese Premier Li Keqiang at the opening of the annual session of China's Parliament, the National People's Congress (NPC), on Tuesday.

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  China hikes defence budget by 7.5 per cent to USD 177.61 billion, over three times that of India

  World | March 05, 2019 9:41 IST

  India's defence budget this year was increased by 6.87 per cent to Rs 3.18 lakh crore against last year's allocation of Rs 2.98 lakh crore.

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  Interim Budget 2019: Defence allocation increased to over Rs 3 lakh crore in 2019-20

  India | February 01, 2019 14:37 IST

  Announcing substantial hike in military service pay, the finance minister said defence budget has been increased to over Rs 3 lakh crore in 2019-20.

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  Defence budget as percentage of GDP appears on decline due to high economic growth: Govt

  India | July 23, 2018 22:33 IST

  In the Union budget, the government had allocated Rs 2.95 lakh crore to defence forces which is estimated to be around 1.58 per cent of the country's GDP. A separate allocation of Rs 1.08 lakh crore was set aside for defence pensions. 

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  US House passes defence budget for 2019, seeks better ties with India

  World | May 25, 2018 7:46 IST

  The National Defense Authorisation Bill or NDAA-2019, was passed by the House of Representatives by 351-66 votes. 

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  CCEA approves Rs 11,330 cr boost to Defence Network for Spectrum project budget

  India | May 16, 2018 17:18 IST

  The project will boost the communication capabilities of defence forces in a major way leading to enhanced national operational preparedness, the statement said. 

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  India joins league of world's top 5 military spenders

  India | May 03, 2018 11:59 IST

  According to the arms watchdog, the five top military spenders in 2017 were the US, China, Saudi Arabia, Russia and India. 

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  Army expresses frustration over inadequate fund allocation in defence budget

  India | March 13, 2018 21:50 IST

  Army told a parliamentary panel that insufficient allocation to it in the defence budget was going to hit Army's modernisation at a time when Chinese military was competing to reach the level of US & Pakistan bolstering capability of its forces.

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  China hikes 2018 defence budget by 8.1 per cent

  World | March 05, 2018 7:35 IST

  The increase of China's defence budget to 8.1 per cent this year, is three times higher than India's latest defence budget of about USD 52.5 billion.

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  Economic development, military modernisation must go together: Gen Bipin Rawat

  India | March 01, 2018 15:43 IST

  Referring to the defence budget, Gen Rawat, quoting an internal study by the Army, said 35-37 per cent of the annual budget given to the force contributes towards nation building.

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  Budget 2018: Defence allocation hiked by 7.81 per cent to Rs 2.95 lakh crore

  Budget | February 01, 2018 17:54 IST

  Finance Minister Arun Jaitley said the government will develop two defence industrial production corridors and bring out an industry-friendly military production policy to promote the domestic defence industry.

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  Defence budget 2018: Does govt need to loosen purse strings to aide man and machine defending borders

  Budget | January 31, 2018 19:25 IST

  The defence expert opines that a decent defence allocation is as crucial as proper utilisation of funds allocated, among other factors.

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  To be war-ready, armed forces seek Rs 27 lakh crore for military modernisation: report

  India | July 16, 2017 7:09 IST

  The armed forces have sought an allocation of Rs 26.84 lakh crore over the next five years to ensure the necessary military modernisation and maintenance

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  Pakistan hikes defence budget by 7 per cent amid tensed ties with India

  World | May 26, 2017 22:50 IST

  Pakistan's proposed increase in the defence outlay and for its armed forces came as tension with India soared over a host of contentious issues.

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  79 killed in air crashes since 2011: Wake up call for defence modernisation?

  India | April 07, 2017 19:00 IST

  A total of 48 military aircraft and 21 helicopters were lost to crashes since 2011 in which 79 people were killed, the government told Lok Sabha today

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  Inadequate defence budget to impact defence modernization: Par panel

  India | March 10, 2017 16:48 IST

  The Committee said in its report that the Finance ministry must consider an increase in outlay for modernisation of the services

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  China hikes its defence budget to Rs 10 lakh cr, thrice that of India

  World | March 06, 2017 14:20 IST

  Contrary to expectations that China will announce a double-digit rise in its defence budget for 2017, Beijing is set to increase military spending by 7 per cent, its lowest increase in over two decades.

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  IAF gets lion’s share under capital outlay of defence budget 2017-18

  India | February 02, 2017 14:36 IST

  The Indian Air Force (IAF) has been allocated the lion’s share of the Rs 86,488.01 crore capital outlay, earmarked by Finance Minister Arun Jaitley for modernisation and acquisition plans of India’s armed forces.

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  Has the 6 pc hike in defence budget dealt a blow to Army’s modernisation plans?

  India | February 02, 2017 13:03 IST

  Experts believe that the paltry hike in the defence budget has dashed hopes of any major step towards military modernisation this year despite heightened tensions with Pakistan and the increasing military capabilities of China.

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  Arun Jaitley hikes India’s defence budget to Rs 2, 74,000 crore

  February 01, 2017 15:21 IST

  Union Finance Minister Arun Jaitley today increased the defence expenditure of the country to Rs 2,74,114 crore excluding pensions for Financial Year 2017-18.