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The military budget or defence budget of India is the portion of the overall budget of Union budget of India that is allocated for the funding of the Indian Armed Forces. The military budget finances employee salaries and training costs, maintenance of equipment and facilities, support of new or ongoing operations, and development and ...
The following lists are of countries by military spending as a share of GDP—more specifically, a list of the 15 countries with the highest share in recent years. The first list uses the Stockholm International Peace Research Institute as a source, while the second list gets its data from the International Institute for Strategic Studies .
The Union Budget is the annual financial report of India; an estimate of income and expenditure of the government on a periodical basis. As per Article 112 of the Indian Constitution, it is a compulsory task of the government. [3] The first budget of India was presented on 18 February 1860 by Scotsman James Wilson. [4]
The 2024 Interim-Union Budget of India [1] provides comprehensive information regarding the projected revenue and government spending for the fiscal year 2024–25, commencing on 1 April 2024 and concluding on 31st March 2025. [2] [3] [4]
2024 Interim-Union budget of India; 2024 Union budget of India; E. ... Finance Act (India) Fiscal Responsibility and Budget Management Act, 2003; M. Military budget ...
India on Thursday said it will replace its military personnel in Maldives with civilian technical staff who will operate three aircraft from India that provide humanitarian services. The decision ...
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The military budget of India is about 1.49% for the year 2018–19 of the total GDP. [16] However, it spends nearly an equal amount in importing defence equipment from other countries. Its defence expenditure for the 2017–18 fiscal year, based on allotments by its Ministry of Finance was ₹86,488 crores for defence capital and ₹2,96,000 ...