Union Budget 2022 | Marginal hike in defence budget, emphasis on Make in India
The Hindu
Finance Minister announces steps to boost domestic defence manufacturing, reduce imports
In a further push for Make in India in defence,the Union government on Tuesday announced additional measures to boost domestic manufacturing and reduce imports. The total allocation for defence in the Budget has gone up marginally to ₹5.25 lakh crore.This isup by 4.43% higher than the revised estimates of last year and 9.8% higher over the Budget estimates of last year.
Finance Minister Nirmala Sitharaman announced that defenceresearch anddevelopment (R&D) would be openedupfor industry, start-ups and academia with 25% of R&D budget earmarked for them.
Sambhal mosque controversy
The Hindu Morning Digest gives a select list of stories to start the day. Read the top news today on November 27, 2024
Bengaluru publishers face backlash over new quality affidavit rule for pending dues, sparking demands for fairness and transparency.
Indian space program milestones, satellite launches, private sector initiatives, and upcoming missions summarized by space enthusiast Pradeep Mohandas.
RMC Chennai predicts cyclonic storm, leading to exam postponements and school closures in Tamil Nadu and Puducherry.
Controversial statement by Chandrashekhar Swami calls for stripping Muslims of voting rights for peaceful coexistence, sparking outrage.
VIT Chennai partners with Vijaya Electronics to develop cutting-edge DC motor for specific application, aiming for transformative impact.
In October 2024, RGIA recorded nearly 2.5 million passengers, a 22% increase compared to October 2023.
Mahindra & Mahindra unveils electric SUVs BE 6e and XEV 9e with 500-km range, competitive pricing, and cutting-edge features.
N Chandrababu Naidu directs officials to develop iconic Deep Technology building in Amaravati, focusing on AI and innovation.
A 24-year-old cryptocurrency trader lost tether coins worth ₹46 lakh after he was cheated by three persons claiming to be buyers of crypto coins in exchange for Indian currency. A FIR has been registered at the CEN police station.