In line with Government of India initiative of ‘Aatmanirbhar Bharat’ and to promote self-reliance in defence sector, funds under Modernisation Budget (Capital Acquisition) for Financial Year 2023-24 has been earmarked in the ratio of 75:25, where 75% i.e. Rs 99,223.03 crore is for procurement through Domestic sources and 25% i.e. Rs 33,078.24 crore is for Foreign Procurement. The details…
There is no meagre resource allocation for defence modernisation and allocation for modernisation under total Capital Outlay for defence services has gone up from Rs 80,959.08 crore in FY 2019-20 to Rs 1,32,301.27 crore in FY 2023-24. The projected and allocated funds under Capital Acquisition (Modernisation Budget) in BE 2023-24 are as follows: (Rs in…
The Indian Government has allocated a total of Rs 260 crore under the TDF Scheme (Technology Development Fund Scheme), since its inception from 2016. Further, Rs 64.35 crore has been disbursed as a grant-in-aid to industries for development of defence technologies. Noteworthy, the Government provides support to the private industries especially MSMEs and start-ups through…
The details of fatal casualties in respect of soldiers and casualties of civilians during the last three years and current year (till June 2023) due to ceasefire violation in border areas shared with Pakistan are as under: Year Fatal casualties of soldiers Casualties of civilians 2020 24 22 2021 04 – 2022 – – 2023…
As per the information provided by State Defence Minister of India Shri Ajay Bhatt, Indian Army is sent to other countries to maintain peace under the United Nations Plan. The details are given below: S No. Mission Total Strength (July, 2023) 1. MONUSCO 1,826 2. UNMISS 2,403 3. UNIFIL 895 4. UNDOF 202 5. UNISFA…
In pursuit of strengthening the support systems for the ex-servicemen and their families, the Indian Defence Minister Shri Rajnath Singh, on August 11, 2023, approved a substantial increase in financial aid aimed at benefiting ex-servicemen & their families. The increased financial assistance provisions stand as a testament to Prime Minister Shri Narendra Modi-led government’s recognition…
Chandrayaan-3 spacecraft was successfully launched onboard LVM-3 on 14th July, 2023 at 14:35 hrs from the Satish Dhawan Space Centre, SHAR. The spacecraft is currently undergoing a series of orbit maneuvers with the objective of reaching the moon’s orbit and has two phases namely Earth Bound Phase and Lunar Bound Phase. The spacecraft is currently in…
Exercise MALABAR 2023 scheduled at/ off Sydney from 11 – 21 August 23 has begun today. Indian Navy’s indigenous frontline warships INS Sahyadri and INS Kolkata will participate inalong with ships and aircraft from the US Navy (USN), Japan Maritime Self Defence Force (JMSDF) and the Royal Australian Navy (RAN). Noteworthy, MALABAR series of maritime…
Union Minister of State (Independent Charge) Science & Technology; MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh said that the Indian Space Policy-2023 has been approved and released in the public domain. The Policy opens up the sector for enhanced participation of Non-Government Entities (NGEs) across the entire value chain of…
The Indian Government has announced that the total value of offset contracts linked to defence deals currently stands at $13.21 billion, out of which foreign military contractors have submitted claims amounting to $6.85 billion. Further, it is to be seen that no offset obligation lapsed during the last five years. To be noted under India’s…
