Tanks, radars and planes: Defence ministry approves proposals worth Rs 1.45 lakh crore to enhance preparedness | India News – Times of India

NEW DELHI: The Defence Acquisition Council (DAC), under the chairmanship of Defence minister Rajnath Singh, on Tuesday approved 10 capital acquisition proposals amounting to Rs 1,44,716 crore. Of the total cost, 99% is from indigenous sources under Buy (Indian) and Buy (lndian-Indigenously Designed Developed and Manufactured) categories.For modernisation of the tank fleet of the Indian…

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Defence Budget 2024: Govt reduces allocation to Rs 4.54 lakh crore – Times of India

NEW DELHI: In her seventh Union Budget presentation, Finance minister Nirmala Sitharaman announced a significant reduction in the defence budget, allocating Rs 4.54 lakh crore for FY25. This is a steep decrease from the Rs 6.21 lakh crore announced in the Interim Budget just five months earlier.Sitharaman began her address by highlighting the government’s continued…

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