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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 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]
Central Board of Direct Taxes (CBDT), Department of Revenue, Ministry of Finance, Government of India. The New Tax Regime is a scheme of Income tax in India first proposed in Union Budget 2020–21. [1] Subsequent Budget of FY2021-22 did not see any major announcements in this regime. [2]
India's defence output value increased to roughly ₹1.27 lakh crore in FY 2023-24, from ₹1,08,684 crore in FY 2022–23, marking the country's highest-ever rise. The value of defence output has climbed by more than 60% during FY 2019–20.
Yudh Abhyas 2012 – US and Indian Army military exercise video trailer Indian Army Aviation Corps Dhruv helicopter ferrying U.S. soldiers during the Yudh Abhyas training exercise in 2009 The Yudh Abhyas exercise is an ongoing series, since 2005 of joint exercises between the Indian and United States armies, agreed upon under the New Framework ...
Indian Army soldier from White Knight Corps, 2021. The Indian Army has also embarked on an infantry modernisation programme known as Futuristic Infantry Soldier As a System . The infantry soldiers will be equipped with modular weapon systems that will have multiple functions. The core systems include bullet proof helmet and visor.
It deals with procurement exclusive to the Indian Armed Forces except capital acquisitions. It is designed to promote jointness among the military services of India. This department was approved on 24 December 2019. [24] [25] and the responsibilities notified by Cabinet Secretariat order on 30 December 2019. [26]