Hyderabad: Indian Finance Minister Nirmala Sitharaman said that the budget is planned for the general and economically weaker section of society and will provide industry and education opportunities. The Finance Minister said that the challenges due to global uncertainty had been factored in the budget and India prepared to deal with any crisis. Although the […]
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Tokyo: In its national security policy released last week, Japan signalled a record increase in defence spending. Accordingly, in the Friday cabinet meeting, Japan approved a defence budget of $55 billion for 2023. Compared to 2022, Japan has increased its defence spending by a whopping 20 per cent in the next year. Japan said this […]
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Tokyo: Japan’s defence ministry has proposed a more than $40 billion budget to counter the growing threats from China and North Korea. This includes provision for hypersonic missiles, standoff missiles, aircraft carriers, drones, and advanced fighter jets. The budget proposed by the Japanese Ministry of Defence is the highest to date. Apart from this, sources […]
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New Delhi – Finance Minister Sitharaman said, ‘We have presented a budget, in the 75th year of independence that will lay the foundation for the next 25 years.’ She added, ‘We have made it our priority to present a budget that sustains the country’s economic development.’ On the other hand, Prime Minister Narendra Modi welcomed […]
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Washington – On Monday, US President Joe Biden signed the National Defence Authorisation Act (NDAA) draft for 2022. The White House informed that this is the approval of the defence budget of $768 billion. After an intense debate between the ruling Democrats and the opposition Republican party, the concerned defence budget was passed. The debate […]
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Tokyo/Beijing – Japan once again proposed increasing their defence budget to counter sustained expansionist activities of China for a few years. Japan’s defence ministry has proposed an increased defence budget of $50 billion for 2022. The Defence Ministry explained increased funding is needed for advanced F-35 fighter jets, modernization of destroyers and space security. Over […]
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Washington: US President Joe Biden presented the first budget, which has received heavy backlash from both parties. There need not be an extra expenditure for Defense, the liberals claimed, as they are displeased with Biden for this budget. Moreover, the members of parliament in the opposition accused Biden of not increasing the defense expenditure, considering the […]
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New Delhi: The capital fund for rail and road construction has been raised by 34.4% in the budget 2021-22. This enormous capital fund investment for development in the recent budget has laid the foundation for national development, asserted Union Finance Minister, Nirmala Sitharaman. Sitharaman expressed this faith while responding to a press conference on this […]
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New Delhi: The Union Finance Minister, Nirmala Sitharaman presented Budget 2021-22 attaching highest priority to development and making huge provisions for government spending, for this purpose. The courageous decisions taken to provide an impetus to the economy, which has slowed down due to the Coronavirus crisis, are considered the budget highlights. There are enormous provisions […]
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Washington: US President Donald Trump proposes a Defence Budget of $740 billion. He asserts that the modernisation of the defence forces has been prioritised, given the challenges posed by Russia and China. President Trump has maintained this defence policy for the last three years. White House has expressed confidence by saying ‘There is a looming […]
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