Vote on Account 2014: Defence spending seen rising 10% to $36 billion

Discussion in 'Defence & Strategic Issues' started by ladder, Feb 17, 2014.

  1. ladder

    ladder Senior Member Senior Member

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    Read more at:
    Vote on Account 2014: Defence spending seen rising 10% to $36 billion in 2014/15 - The Economic Times
     
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  3. sesha_maruthi27

    sesha_maruthi27 Senior Member Senior Member

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    Re: Vote on Account 2014: Defence spending seen rising 10% to $36 bill

    Will the money be used entirely or will it be given back like the last time.?
     
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  4. Blackwater

    Blackwater Veteran Member Veteran Member

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    Re: Vote on Account 2014: Defence spending seen rising 10% to $36 bill

    true ,2014 will also year of tenders:lol::lol:
     
  5. SajeevJino

    SajeevJino Long walk Elite Member

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    Re: Vote on Account 2014: Defence spending seen rising 10% to $36 bill

    :lawl:

    from above article


    Only $12.7 Billion in 4 years ..I thing The US alone gets 12.7 billions these years
     
  6. ladder

    ladder Senior Member Senior Member

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    Re: Vote on Account 2014: Defence spending seen rising 10% to $36 bill

    I don't think there is any cutback in FY 13-14, unlike FY 12-13. Cut back for FY 14-15 ( the OP article) can't be predicted.
     
  7. ladder

    ladder Senior Member Senior Member

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    Re: Vote on Account 2014: Defence spending seen rising 10% to $36 bill

    And trials. Summer, winter, spring and autumn trials for indigenous products.
     
  8. sunny_10

    sunny_10 Tihar Jail Banned

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    Re: Vote on Account 2014: Defence spending seen rising 10% to $36 bill

    hmmmm, in dollar terms its little less than the previous one, along with 7% inflation too :ranger:

    and the way Capital Expenditure has share of around 30%+ in total expenditure, while dollar has fallen by around 15% since March 2013, when it was maintained at 1.0US$= Rs54, around, this increase is not on accounting........
     
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  9. SajeevJino

    SajeevJino Long walk Elite Member

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    Re: Vote on Account 2014: Defence spending seen rising 10% to $36 bill

    @sunny_10 that's the truth

    they hiked 10% budget ..But the Rupee value against Dollar makes around 30 billions only


    Israel-India defense trade: strategy for tough times | Vijeta Uniyal | Ops & Blogs | The Times of Israel

    Thanks to my good Friend Vijeta Uniyal
     
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  10. sunny_10

    sunny_10 Tihar Jail Banned

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    Re: Vote on Account 2014: Defence spending seen rising 10% to $36 bill


    i remember last year Capital Expenditure was around Rs 80,000 crore, and around 70% arm buying is done from the foreign suppliers. even if T90, SU30mki etc have home production lines, currently supplied Transport Aircrafts of US, C17 etc, for example, are on direct arrival, hence you have to only pay dollar, nothing getting invested back......

    this way, the above 80k crore Capital Expenditure would be reduce by a good margin in dollar term as Rupees have been devaluation by 15%+ since March 2013, while inflation at closed to 7% does have an impact on the domestic expanses too..... this 10% rise in defence would only keep the things running as it is, if not lesser, hopefully :ranger:
     
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  11. ladder

    ladder Senior Member Senior Member

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    Re: Vote on Account 2014: Defence spending seen rising 10% to $36 bill


    See Full Article

    Defence spend lowest since 1962 war | Business Standard
     

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