In­dia’s Mar­itime Reach — Navy Bud­get 2017-18

The to­tal al­lo­ca­tion for de­fence is ` 2,74,114 crore (about $42.17 bil­lion) which is 6.2 per cent higher than last year s al­lo­ca­tion of ` 2,58,000 crore and is 1.62 per cent of the GDP

SP's NavalForces - - FRONT PAGE - LT GEN­ERAL NARESH CHAND (RETD)

The to­tal al­lo­ca­tion for de­fence is ` 2,74,114 crore (about $42.17 bil­lion) which is 6.2 per cent higher than last year’s al­lo­ca­tion of ` 2,58,000 crore and is 1.62 per cent of the GDP. Lt Gen­eral Naresh Chand (Retd)

THE PRE­VI­OUS DE­FENCE MIN­IS­TERS al­ways high­lighted the de­fence al­lo­ca­tion with the cus­tom­ary re­mark that more funds will be al­lot­ted if re­quired. since last year, Arun Jait­ley has avoided any spe­cial ref­er­ence to de­fence forces. This year he started with, On this aus­pi­cious day of vas­ant Pan­chami, I rise to present the bud­get for 2017-18. spring is a sea­son of op­ti­mism. I ex­tend my warm greet­ings to ev­ery­one on this oc­ca­sion. The spec­u­la­tions and the an­tic­i­pa­tion of OROP (One Rank, One Pen­sion) and the sev­enth Pay Com­mis­sion are is­sues of the past. The govern­ment also con­sid­ers the de­fence man­u­fac­ture as a key player to boost Make in In­dia and have pro­vided in­cen­tives to the pri­vate sec­tor al­though noth­ing ma­jor has emerged so far. Maybe it will take time to evolve. Mi­cro, small and Medium En­ter­prises has been given some tax relief which will pro­vide them in­cen­tive to grow and thereby give a trig­ger to the de­fence in­dus­try as they pro­duce many com­po­nents for them. It is also men­tioned in the an­nex­ure to his bud­get speech that “Ser­vices pro­vided or agreed to be pro­vided by the army, naval and air Force Group In­surance Funds by way of life in­surance to mem­bers of the army, navy and air Force un­der the Group In­surance schemes of the Cen­tral Govern­ment is be­ing ex­empted from ser­vice tax from Septem­ber 10, 2004 (the date when the ser­vices of life in­surance be­came tax­able).

De­fence Bud­get Al­lo­ca­tions

The Min­istry of de­fence (Mod) de­mands for Grants, 2017-18 has four ta­bles from

PHO­TO­GRAPH: ShinMaywa

ShinMaywa US-2 am­phibi­ous air­craft

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