Higher tax-GDP is a must for financing security and development
There is little urgency in govt's approach to modernisation
Budget allocations for 2021-22 are skewed, with the IAF allocated Rs 53,215 crore, the Navy Rs 35,904 crore, and the Army getting Rs 36,532 crore
India's largest indigenous defence procurement deal is worth Rs 45,696 cr
In the fifth episode, we discuss about expenditure side of the Budget and look at sectors that have traditionally not been India's top expense areas but are now in the spotlight because of pandemic
Healthcare and education are some of the important sectors that are usually not given the attention they deserve in India’s Union Budgets. It has been so for many years. But the situation this time is different. At a time when the country – indeed, the entire world – is working to tide over a health crisis presented by the coronavirus pandemic, will Budget 2021 make a departure from the trend and place its expenditure focus on these sectors? In the fifth episode of ‘Beyond Budget Headlines with AKB’, Business Standard’s special video series in the run-up to Budget 2021, we discuss about the expenditure side of the Budget and look at sectors that have traditionally not been India's top expense areas but are now in the spotlight because of recent developments. The government needs to loosen its purse string in this pandemic Budget and spend more on the health sector, says our in-house policy expert A K Bhattacharya.
Dual goals can lead to compromise
The draft DAP-2020 retains the first draft's emphasis on promoting higher indigenous content in equipment manufactured in India, including under licence from foreign vendors
To buy 21 MiG-29s, 12 Sukhoi-30MKI aircraft, upgrade existing 59 MiG-29s
While the international Global Firepower ranking of countries' military strength puts China and India at third and fourth position, respectively, the gap is much wider than the positions suggest.
Army Chief Naravane says roll out of IBGs delayed due Covid-19
He reviewed the state of investments, the defence and aerospace sector and the mine and mineral sector
The most recent Indian budgetary figures put India's defence expenditure for FY20 at $59.7 bn which is less than SIPRI's estimates and actually puts India at 5th, behind both Russia and Saudi Arabia.
Spending grows 6.8% to $71.1 billion in 2019, outpacing Russia and Saudi Arabia
Only 3.4% of total federal spending was budgeted for education - down from 3.74% the previous year and from 4.3% when Modi took over in 2014
China spent that amount in 2017, whereas India spent close to $64 bn, Union Minister Subhash Bhamre told Lok Sabha