Gå ubegrenset med Magzter GOLD
Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare
Prøve GULL - Gratis
More firepower for defence spending
Mint Mumbai
|February 02, 2024
India on Thursday set aside ₹6.2 trillion for defence spending in the interim budget for FY25, an allocation that was 4.72% higher than in last year's budget estimates and marginally lower (0.37%) compared to the revised estimates for FY24.
In her budget speech, finance minister Nirmala Sitharaman also announced a new scheme to strengthen deep tech in the defence sector.
This year's defence budget accounts for 1.89% of the projected gross domestic product (GDP) for FY25.
The budget includes a revenue expenditure of ₹2.8 trillion, capital outlay of ₹1.7 trillion and a pension outlay of ₹1.4 trillion.
The capital outlay for the modernization of the armed forces is 5.78% higher than last year.
Denne historien er fra February 02, 2024-utgaven av Mint Mumbai.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Mint Mumbai
Mint Mumbai
Rupee rumbles
The Indian rupee on Friday slumped to a record low of about 89.60 to the US dollar, zipping past the 89 mark for the first time.
1 min
November 24, 2025
Mint Mumbai
Claims on dubious pre-IBC deals swell
At ₹4 tn, amount matches entire sum recovered via IBC in 10 yrs
3 mins
November 24, 2025
Mint Mumbai
'Stay invested in the stock market, everything is for the long haul'
Veteran value investor Ramesh Damani is ignoring doomsday warnings about a US tech stock correction and noises surrounding corporate earnings growth trajectory back home, staying loyal instead to his credo of long-term investments, using a bottom -up approach. He remains unconcerned about short term market corrections, advising investors to
6 mins
November 24, 2025
Mint Mumbai
CHINA HAS MINERALS, INDIA HAS ITS PEOPLE
In 1992, Chinese leader Deng Xiaoping reportedly said that if West Asia had oil, China would have rare earths.
4 mins
November 24, 2025
Mint Mumbai
Rupee may decline further as RBI has little elbow space
The local currency market is bracing for more weakness in the coming weeks, after the rupee sharply slid to a record low of 89.41 against the US dollar within the last hour of trade on Friday.
3 mins
November 24, 2025
Mint Mumbai
Labour codes could act as an economic catalyst
If enforced as envisioned, the four codes can yield a more secure workforce and strengthen India's economy. Employers should not just comply but also focus on their collective interest
2 mins
November 24, 2025
Mint Mumbai
OYO Assets gets 125 cr fresh funds
OYO parent PRISM-backed OYO Assets has raised ₹125 crore in a fresh funding round from a clutch of institutional and private investors led by InCred, people aware of the development said.
1 min
November 24, 2025
Mint Mumbai
Will realty keep the pre-sale pace?
Listed realty firms are banking on new launches to drive pre-sales in H2FY26.
2 mins
November 24, 2025
Mint Mumbai
How new labour codes impact your gratuity, PF
The new labour codes have overhauled how wages, gratuity, provident fund (PF), pension and other social security benefits are calculated. These changes impact employees and employers alike.
2 mins
November 24, 2025
Mint Mumbai
INDIA’S TERROR THREAT SHIFTS CLOSER HOME
Life, once in a while, throws up events that brutalise your consciousness and traumatise you for the rest of your life. The terror attacks in Mumbai on 26 November 2008, and in Pahalgam and Delhi this year top such chilling incidents.
3 mins
November 24, 2025
Listen
Translate
Change font size