INDIAN ARMED FORCES CHIEFS ON OUR RELENTLESS AND FOCUSED PUBLISHING EFFORTS
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"Over the past 60 years, the growth of SP Guide Publications has mirrored the rising stature of Indian Navy. Its well-researched and informative magazines on Defence and Aerospace sector have served to shape an educated opinion of our military personnel, policy makers and the public alike. I wish SP's Publication team continued success, fair winds and following seas in all future endeavour!"
Since, its inception in 1964, SP Guide Publications has consistently demonstrated commitment to high-quality journalism in the aerospace and defence sectors, earning a well-deserved reputation as Asia's largest media house in this domain. I wish SP Guide Publications continued success in its pursuit of excellence.
- Indian Air Force Aims for Full Indigenous Inventory by 2047 — Air Chief Marshal A.P. Singh
- General Upendra Dwivedi takes over as the Chief of the Army Staff
- Rajnath Singh assumes charge as Defence Minister for the second consecutive term
- Admiral Dinesh K. Tripathi assumes Command of the Indian Navy as 26th Chief of the Naval Staff
- Prime Minister witnesses 'Bharat Shakti' – a Tri-Services Firing and Manoeuvre Exercise in Pokhran, Rajasthan
Defence budget up by over 17 per cent
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.
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