Defence Funding

Govt not seeking donations for Indian Army, social media claims 'fake'

Government has not opened bank account seeking funds, says fact-check unit of Press Information Bureau

Between Trump snub and EU meet, Zelenskyy secures £2.26 billion for Ukraine

Volodymyr Zelenskyy's visit to the UK was markedly different from his tense encounter at the White House with US President Donald Trump

Union Budget 2024-25: No major shift in defence sector's allocation

Current defence allocation's impact on overall spending still unclear

Deconstructing India's national security system

Milan Vaishnav's book is a treatise on India's national security apparatus, highlighting the challenges and the positive role it plays against difficult odds

Running low on money to replace weapons sent to Ukraine, warns Pentagon

The Pentagon is warning Congress that it is running low on money to replace weapons the US has sent to Ukraine and has already been forced to slow down resupplying some troops, according to a letter sent to congressional leaders. The letter, obtained by The Associated Press, urges Congress to replenish funding for Ukraine. Congress averted a government shutdown by passing a short-term funding bill over the weekend, but the measure dropped all assistance for Ukraine in the battle against Russia. Pentagon Comptroller Michael McCord told House and Senate leaders there is $1.6 billion left of the $25.9 billion Congress provided to replenish US military stocks that have been flowing to Ukraine. The weapons include millions of rounds of artillery, rockets and missiles critical to Ukraine's counteroffensive aimed at taking back territory gained by Russia in the war. In addition, the US has about $5.4 billion left to provide weapons and equipment from its stockpiles. The US would have alrea

Fighter jets, choppers in IAF list of domestic projects worth over Rs 3 trn

The support towards building a major defence industry is key towards achieving a $5 trillion economy as envisaged by Prime Minister Narendra Modi, officials said

Robust defence finance system backbone of strong military: Rajnath Singh

Defence Minister Rajnath Singh on Wednesday batted for a foolproof system of internal and external audit for defence expenditure and called for devising innovative ways to maximise the value of money spent on India's security needs. In an address at a conference, Singh called for judicious use of financial resources and said that the rule of competitive bidding through open tender must be followed in defence procurement. Reducing chances of corruption and wastage leads to positive public opinion due to the confidence that public money is being spent optimally and prudently and this increases the possibility of greater funding by the legislature, the defence minister said. He underlined the importance of a robust defence finance system for a strong military and highlighted the need for comprehensive 'Blue Books', codifying the rules and procedures for procurement of military equipment and systems. Singh said, with this vision, the government has formulated 'Blue Books' in the form o

US House sends defence funding bill of $847 bn to Senate for consideration

The US House of Representatives has passed the annual defence authorization bill

Red-hot defence stocks may have more legs to run, say analysts

The growth has come on the back of healthy growth in the order books of defence companies amid the government's focus on indigenisation and surge in exports

Finance Ministry eyes new ways to boost non-lapsable defence fund

The ministry said FFC recommendations are against good parliamentary practice

MoD joins parl panel in slamming FinMin for defence funding shortfall

In 2014, the army got just 45% of the capital expenditure it demanded