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.
- The layered Air Defence systems that worked superbly, the key element of Operation Sindoor
- Operation Sindoor | Day 2 DGMOs Briefing
- Operation Sindoor: Resolute yet Restrained
- India's Operation Sindoor Sends a Clear Message to Terror and the World – ‘ZERO TOLERANCE’
- Japan and India set forth a defence cooperation consultancy framework, talks on tank and jet engines
Modest 6.8 Per Cent Hike in India Defence Budget of $46.5 B
The Government on July 5 announced a Budgetary allocation of 3,18,931.22 crore ($46.5 billion) for Defence services as part of the overall 27,86,349 crore ($406 billion) Union Budget for 2019-20, marking a modest 6.87 per cent increase in India’s spending on the defence services.
What brought some cheer to defence planners was Finance Minister Nirmala Sitharaman announcement of an exemption of Customs duty for imported military equipment. The Ministry of Defence later claimed that this exemption would effectively boost the military modernisation budget by 25,000 crore ($3.6 billion) over the next five years.
Of the three armed forces, the Indian Air Force and Navy have higher allocations for modernisation than for recurring Revenue expenditure on fixed costs. At 39,302.64 crore, the IAF gets the lion’s share of the Capital allocation for modernisation. It’s Revenue Budget is 29,601.69 crore. The Navy gets 23,156.43 crore under the Capital head against a Revenue allocation of 22,211.71 crore. But this favourable Capital-Revenue ratio is reversed by the Army’s huge allocation of 1,41,501.19 crore for fixed costs, mainly on account of its huge manpower bill. Against this, the Army’s Capital allocation for modernisation stands dwarfed at 29,461.25 crore.
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