–The writer is a former Financial Advisor (Acquisition), Ministry of Defence. The views expressed are personal and do not necessarily reflect the views of Raksha Anirveda
At Rs 5,93,538 crore, the total defence outlay for the financial year (FY) 2023-24, including the outlay of Rs 1,38,205 crore for defence pensions, represents a 13.02% year-on-year growth over the current year’s budget...
The primary, if not the only, expectation the armed forces have from the union budget is that the finance minister will pull a rabbit out of the hat and allocate whatever funds are demanded...
India’s defence acquisition regime is currently governed by Defence Acquisition Procedure 2020 (DAP 2020). It came into effect on October 1, 2020, superseding Defence Procurement Procedure 2016 (DPP 2016). Like all its previous versions,...
Quite recently, on June 27, Air Chief Marshal VR Chaudhary, Chief of the Air Staff, Indian Air Force (IAF) said that the original equipment manufacturer (OEM) selected for the 114 multi-role fighter aircraft (MRFA)...
With the notification of the third ‘positive indigenisation list’ of 101 items on April 07, 2022, the Department of Military Affairs (DMA) has so far banned import of 310 defence items in the last...
In what may possibly be among the first major defence export contract in recent times, BrahMos Aerospace Private Ltd signed an agreement for $374 million on December 31, 2021, for the sale of eponymous...
After a decade of dithering, the ministry of defence (MoD) signed the contract with Airbus Defence and Space S.A., Spain on September 25 for acquisition of 56 C-295MW medium transport aircraft. This over Rs...
India celebrates its 75th Independence Day on August 15 amidst rapidly growing security concerns emanating from the enduring border disputes with China and Pakistan, China’s forays into the Indian Ocean Region, the Afghanistan imbroglio,...
On May 31, the Department of Military Affairs (DMA) released a list of 108 items whose import is to be progressively banned by December 2025. Christened ‘Second Positive Indigenisation List’, it supplements the first...
The maiden two-day visit of US Secretary of Defence, Lloyd J Austin to New Delhi in March 2021 signified the Biden-Harris administration’s intent to continue bilateral strategic engagement with India, without any significant departure...
The Ministry of Defence (MoD) seems all set to award the $2.5 billion contract for 56 EADS CASA C-295 transport aircraft to Airbus Defence and Space of Spain. These aircraft will replace the Siddeley...
India’s net defence budget of Rs 4,78,195.62 crore for the Financial Year (FY) 2021-22 is only Rs 6,817.62 crore more than the current FY’s budget estimate (BE). This paltry increase is ironic because the...
Defence production is one of the eight sectors for which structural reforms were announced by finance minister Nirmala Sitharaman on May 16 to pave the way for an Atmanirbhar Bharat. There is no telling...