eCharcha.Com   Support eCharcha.Com. Click on sponsor ad to shop online!

Advertise Here

Go Back   eCharcha.Com > Current Affairs > Defense

Notices

Defense Defense and national security...

Reply
 
Thread Tools Display Modes
  #1  
Old March 4th, 2010, 11:44 PM
ashdoc ashdoc is offline
senior echarchan
 
Join Date: Feb 2009
Posts: 8,482
ashdoc has a reputation beyond reputeashdoc has a reputation beyond reputeashdoc has a reputation beyond reputeashdoc has a reputation beyond reputeashdoc has a reputation beyond reputeashdoc has a reputation beyond reputeashdoc has a reputation beyond reputeashdoc has a reputation beyond reputeashdoc has a reputation beyond reputeashdoc has a reputation beyond reputeashdoc has a reputation beyond repute
India unveils 32 billion defence budget

NEW DELHI - India announced a four percent increase in defense spending to $32 billion in its annual budget Feb. 26, a day after Pakistan voiced concerns over its rival's military modernization.

"Secure borders and security of life and property foster development and needless to say, any additional requirement for the security of the nation will be provided for," Finance Minister Pranab Mukherjee told parliament.

Spending on the military - the world's fourth largest - was put at 1.47 trillion rupees ($32 billion) for the financial year to March 2011.

Last year's budget hiked defense expenditure by almost a quarter - the sharpest rise ever.

Mukherjee earmarked $13 billion for modernization projects, $12.4 billion for the million-plus army, with $3.3 billion for the air force and about $2 billion for the navy.

On Feb. 25, Pakistan's Foreign Secretary Salman Bashir - in New Delhi for talks with his Indian counterpart - had warned that India's military modernization program threatened stability in a "nuclearized" South Asia.

"New war doctrines, a tremendous boost to defense spending, the induction of new sophisticated weapons systems; these are elements that are prejudicial to regional security and stability," Bashir told reporters.

New Delhi, which last month inducted its longest range nuclear-tipped missile into the army, plans to spend up to 30 billion dollars modernizing its military by 2012, according to the defense ministry.

India has fought three wars with Pakistan since independence in 1947 and a brief but bitter war with China in 1962 over a border dispute which remains unresolved.

The largest weapons buyer among emerging countries, India has imported military hardware worth $28 billion dollars since 2000 mainly from Russia, Israel, France and Britain.

http://www.defensenews.com/story.php...65&c=ASI&s=TOP
__________________
-----
Reply With Quote
Reply

Bookmarks


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Pukis hike defence budget by large margin ashdoc Defense 0 May 22nd, 2010 10:28 AM
India unveils world's largest lock tinda Taaza Khabar - Current news 3 August 28th, 2005 11:17 PM
California in a $35 billion Billion deficit - deport illegal aliens echarcha Life Abroad 13 December 23rd, 2002 11:07 AM
India hikes defence budget Patel Bhai Defense 4 March 2nd, 2001 12:03 PM
India - Budget 2001 Indian Economy 1 March 1st, 2001 12:05 AM


All times are GMT -7. The time now is 01:47 PM.


Powered by vBulletin® Version 3.7.2
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
Site Copyright © eCharcha.Com 2000-2012.