SP Guide Publications puts forth a well compiled articulation of issues, pursuits and accomplishments of the Indian Army, over the years
I am confident that SP Guide Publications would continue to inform, inspire and influence.
My compliments to SP Guide Publications for informative and credible reportage on contemporary aerospace issues over the past six decades.
The Defence budget has been substantially increased in the 2012-13 Union Budget and the allocation is Rs. 1,93,407 crore, up from Rs. 1,64,415 crore, a jump of over 17 per cent.
As India has gone in for aggressive modernisation programme of the armed forces, the total outlay for procuring modern weapons systems and military hardware is over Rs. 79,500 crore. The major acquisitions that will be accounted for in the budgetary allocation are the 126 medium multi-role combat aircraft (MMRCA); 145 ultra light howitzers (ULH); 197 light utility helicopters and other weapons and systems. But the major chunk of the budget goes for salaries and dayto-day costs pegged at Rs. 1,13,829 crore.
This allocation is based on the present needs and any further requirement for the security of the nation would be made, Finance Minister Pranab Mukherjee said.
However, India’s defence expenditure still remains just 1.9 per cent of the projected GDP for 2012-13, much less than the 3 per cent the armed forces is asking for. On the other hand, China hiked its defence budget to over $100 billion.