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Defence sector News
Budget 2019: Finance Miniter Arun Jaitley faces tough task of boosting defence
Mon, Jan 07, 2019
In the Budget 2018, defence got the smallest chunk of 12.22 per cent of the total budget outlay in the last two decades. This was against the expectations as India's defence budget is now said to be the fourth largest in the world after US, China and UK.
Defence sector not satisfied by marginal 6.2% hike in allocation in Budget 2017
Wed, Feb 01, 2017
While some in the defence industry welcomed the hike in the allocation, there were others that felt that this was not enough considering the government wants to keep India on the top in terms of defence.
India signs Rs 58,000 crore Rafale deal with France
Fri, Sep 23, 2016
The deal is expected to generate at least three billion Euros for Indian companies and generating hundreds of jobs in India.