You are here: Home » Budget » News
Business Standard

Increase in capital outlay of Defence amid pandemic is huge step: IAF Chief

Defence forces received more than 18 per cent hike over last year in capital outlay meant for acquisition of new weapon systems

Topics
Defence budget | Indian Air Force | Budget Speech

ANI  |  General News 

Armed forces, service chiefs
Chief of Defence Staff General Bipin Rawat, Chief of Army Staff General Manoj Mukund Naravane, Air Force Chief Air Chief Marshal RKS Bhadauria and Navy Chief Admiral Karambir Singh during the inauguration of the 13th edition of Aero India, at Yelaha

(IAF) chief Air Chief Marshal RKS Bhadauria on Thursday called the increase in the capital outlay of "a huge step", which will provide adequate budgetary support amid the COVID-19 pandemic.

"We all know the pandemic effect and its impact on the economic scenario. To get this level (Rs 20,000 cr) increase in capital outlay, it's a huge step by government to provide that kind of budgetary support," IAF Chief told ANI on whether budget hike for modernisation would meet IAF requirements.

"Last year also, additional funds of Rs 20,000 crores were provided. That helped the emergent procurement plans of the three forces and that really helped us. I think it is adequate for our capability building," said IAF chief.

This statement comes after defence forces received an overall hike of around 7.4 per cent over last year as Rs 3.62 lakh crore were provided to them excluding pensions amid the China military standoff.

Additionally, the defence forces received more than 18 per cent hike over last year in capital outlay meant for acquisition of new weapon systems as Rs 1.35 lakh crore have been provided over the Rs 1.13 lakh crores last year.

However, the budget documents also revealed that the spent an extra amount of Rs 20,776 crore for buying new weapon systems and spares for the armed forces in the present fiscal over and above the funds allocated for the purpose.

The additional Rs 20,776 crore has been spent on buying weapons and other spares under the special financial powers given to services under emergency and other provisions.

The money has been used to acquire equipment like the Spice-2000 bombs, Spike anti-tank guided missiles, SiG Sauer assault rifles, Excalibur ammunition, multiple types of aircraft spares from Russia along with the ammunition for tanks and fighter jets.

In the 2021-22 Union Budget, the has been allocated Rs 4,78,195.62 crore. Rs 1.15 lakh crore have also been allocated for defence pensions which are disbursed to both military and civilians who have worked for

 

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, February 04 2021. 10:46 IST
RECOMMENDED FOR YOU