India needs a bigger defence budget for next six-seven years, says FM Arun Jaitley

Finance Minister Arun Jaitley said on Tuesday that India needs a bigger defence budget to modernise its armed forces during the next six-seven years. Speaking at the Aaj Tak National Security Summit, Jaitley said government has increased the tax base during the last five years and the money raised from taxes will be used for defence.

Commenting on the use of MIG 21s in the Indian Air Force fleet, Jaitley said, “We don’t have outdated jets in IAF fleet. MIG 21s used in the recent IAF operation were upgraded ones.”

Citing the delay in defence procurement process,  Jaitley said previous governments delayed purchase of jets including Rafale which adversely affected national security. Read More

You may also read!

Pakistan Arrests Six for Collecting Funds for JeM, Lashkar-e-Jhangvi

Six militants have been arrested for allegedly collecting funds for terror outfits Jaish-e-Mohammad (JeM) and Lashkar-e-Jhangvi (LeJ) in Punjab


Chinese road project on their side of LAC under observation: Indian Army

The Indian Army is keeping an eye on a road construction project being undertaken by the Chinese Army across


ISRO’s RISAT-2B to give India strategic advantage, new satellite to benefit security agencies

Radar Imaging Satellite RISAT-2B which was successfully placed into orbit by the Indian Space Research Organisation (ISRO) is part


Leave a reply:

Mobile Sliding Menu