45'22'
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He was expecting more maybeParrikar commenting on the overall budget, but doesn't say anything on the defence budget.
@ all, please stick to topic and ignore troll posts!
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Budget LIVE: Defence allocation is Rs 2,46,727 crores, says Jaitley
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sancho
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sancho
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Indian Patriot
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India needs a 60 billion dollar defence budget and that is a minimum. India spends 2 percent of GDP on defense when the number should be at least 3.5%.
The Chinese have a 100+ billion budget. They have bases all along the Indian ocean, their infrastructure in Tibet outclasses India by a generation. Not a single 155mm artillery gun has been purchased since 1980s. Infantry lacks standard armor vest and NVG, infantry needs modern rifles to replace the junk called INSAS. Tanks and other equipment need upgrades, Radars need upgrades. Army needs to replace its entire air defense units. The needs of Indian armed forces are immense.
If budget constraints restrict spending to 2 percent then India should cut down its million strong army. Better to have 500,000 strong army trained and equipped to NATO standard instead of having 1.2 million army trained just better than pakistanis.
The Chinese have a 100+ billion budget. They have bases all along the Indian ocean, their infrastructure in Tibet outclasses India by a generation. Not a single 155mm artillery gun has been purchased since 1980s. Infantry lacks standard armor vest and NVG, infantry needs modern rifles to replace the junk called INSAS. Tanks and other equipment need upgrades, Radars need upgrades. Army needs to replace its entire air defense units. The needs of Indian armed forces are immense.
If budget constraints restrict spending to 2 percent then India should cut down its million strong army. Better to have 500,000 strong army trained and equipped to NATO standard instead of having 1.2 million army trained just better than pakistanis.
sancho
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anant_s
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[/QUOTE]
Not sure how correct that is.
Signing the agreement doesn't mean immediate allocation of funding IN THIS FY.
Small tranche of money 600-700 million USD (that might be paid upright to Dassault) could be adjusted in this budget itself or as a special provision to be allotted later. There is no point in allotting budget unless a final decision is made (the reports that suggest PMO will take final call).
Not sure how correct that is.
Signing the agreement doesn't mean immediate allocation of funding IN THIS FY.
Small tranche of money 600-700 million USD (that might be paid upright to Dassault) could be adjusted in this budget itself or as a special provision to be allotted later. There is no point in allotting budget unless a final decision is made (the reports that suggest PMO will take final call).
sancho
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sancho
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Afaik 15% is the usual immediate payment...
MMRCA $15 to 20 billion = $2.2 to 3 billion
anant_s
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Didn't got that either.
I believe they are referring to capital budget. It is a standard practice that if capital purchase budgets goes unspent in its allotted financial year, the amount is returned back to allocator (Finance Ministry in this case). Also one cannot demand budget under this surrendered head in next proposed budget.
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How is this related to the topic please ?
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