{"id":5603,"date":"2023-02-02T11:52:20","date_gmt":"2023-02-02T06:22:20","guid":{"rendered":"https:\/\/55nda.com\/blogs\/anil-khosla\/?p=5603"},"modified":"2025-01-04T14:01:40","modified_gmt":"2025-01-04T08:31:40","slug":"defence-budget-2023-2024","status":"publish","type":"post","link":"https:\/\/55nda.com\/blogs\/anil-khosla\/2023\/02\/02\/defence-budget-2023-2024\/","title":{"rendered":"319: DEFENCE BUDGET (2023 &#8211; 2024)"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><span style=\"color: #800000; font-family: arial, helvetica, sans-serif; font-size: 14pt;\"><a style=\"color: #800000;\" href=\"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-content\/uploads\/2023\/02\/Def-budget.pdf\">Ministry of Defence take on defence budget<\/a><\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"color: #800000; font-family: arial, helvetica, sans-serif; font-size: 14pt;\">(Click on the link above)<\/span><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline; font-size: 14pt; color: #008000;\"><span style=\"font-family: 'arial black', sans-serif;\">Analysis<\/span><\/span><\/p>\n<p><!--more--><\/p>\n<ul>\n<li style=\"text-align: justify;\"><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #800080;\">This year\u2019s budget speech by the finance minister, did not mention anything about the defence sector.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><em><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #000080;\">One wonders if the importance of the defence has gone down or we are learning from China to keep everyone guessing.<\/span><\/em><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"text-align: justify;\"><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #800080;\">The defence budget at Rs 5.93 lakh crore is 12.95%, up from budget estimates of last year at Rs 5.25 lakh crore.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><em><span style=\"color: #000080; font-size: 14pt; font-family: arial, helvetica, sans-serif;\">It is an increase from previous budget, even after removing the rate of inflation.<\/span><\/em><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"text-align: justify;\"><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #800080;\">Capital outlay is up by Rs10 000 crore to Rs 1.62 lakh crores. The revenue allocation is Rs 2.7 lakh crores. The budget for defence pensions is Rs 1.38 lakh crores, and for the civilian employees of the defence ministry, it is Rs 22,612 crores.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><em><span style=\"color: #000080; font-family: arial, helvetica, sans-serif; font-size: 18.6667px;\">Keeping in mind the prevailing threat scenario, much more is required in the capital outlay. However, the i<\/span><span style=\"color: #000080; font-family: arial, helvetica, sans-serif; font-size: 14pt;\">ncrease is welcome sign. Hope it does not get revised downwards later.<\/span><\/em><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"text-align: justify;\"><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #800080;\"><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #800080;\">The total capital allocation for defence is Rs 1.62 Lakh crores. The Army has an increase of 16.32% (from 32000 to 37,000), the Navy 10.96% (from 47,700 to 52,800) and the Air Force 2.79% (from 55,500 to 57,000).<\/span><\/span>\n<p style=\"text-align: justify;\">\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><em><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #000080;\">Higher increase for Army &amp; Navy would provide a boost for the modernisation of the surface force.\u00a0<\/span><\/em><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"text-align: justify;\"><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt;\">\u00a0<span style=\"color: #800080;\">The Border roads organisation has had a substantial jump in its budget by 43%. <\/span><\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000080;\"><em><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt;\">This is a welcome sign and would speed up the much required infrastructure at the borders.<\/span><\/em><\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"text-align: justify;\"><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #800080;\">The DRDO has an increased its funding by 9%. <\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000080;\"><em><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt;\">Private sector R&amp;D needs to be tapped.<\/span><\/em><\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"text-align: justify;\"><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #800080;\">For innovation and startups in the defence sector, an allocation of Rs 161 Crores has been made.<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000080;\"><em><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt;\">Towards &#8216;Make in India&#8217; and &#8216;self-reliance&#8217;.<\/span><\/em><\/span><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 14pt;\"><strong><span style=\"color: #800000;\">MORE FOLLOWS<\/span><\/strong><\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 14pt; color: #800080;\"><u>Suggestions and value additions are most welcome<\/u><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #ff0000; font-size: 14pt;\">For regular updates, please register here<\/span><\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"cMOZ8cJiQk\"><p><a href=\"https:\/\/55nda.com\/blogs\/anil-khosla\/subscribe\/\">Subscribe<\/a><\/p><\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Subscribe&#8221; &#8212; Air Marshal&#039;s Perspective\" src=\"https:\/\/55nda.com\/blogs\/anil-khosla\/subscribe\/embed\/#?secret=zma52CEDyU#?secret=cMOZ8cJiQk\" data-secret=\"cMOZ8cJiQk\" width=\"525\" height=\"296\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><u>References and credits<\/u><\/p>\n<p>To all the online sites and channels.<\/p>\n<p>&nbsp;<\/p>\n<p><u>Disclaimer<\/u>:<\/p>\n<p style=\"text-align: justify;\">Information and data included in the blog are for educational &amp; non-commercial purposes only and have been carefully adapted, excerpted, or edited from sources deemed reliable and accurate. All copyrighted material belongs to respective owners and is provided only for purposes of wider dissemination.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Ministry of Defence take on defence budget (Click on the link above) &nbsp; Analysis<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,139,326,138,78],"tags":[327,47,38,79,329],"class_list":["post-5603","post","type-post","status-publish","format-standard","hentry","category-article","category-atmanirbharta","category-budget","category-indigenisation","category-military-capability","tag-budget","tag-defence-services","tag-indian-air-force","tag-military-capability","tag-modernisation"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5603","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/comments?post=5603"}],"version-history":[{"count":7,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5603\/revisions"}],"predecessor-version":[{"id":8939,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5603\/revisions\/8939"}],"wp:attachment":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/media?parent=5603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/categories?post=5603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/tags?post=5603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}