Team Blitz India
NEW DELHI: The Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh approved projects worth around Rs 80,000 crore, ETNow reported citing sources on February 16.
The DAC has reportedly approved the procurement of air defence control radar, among other military equipment during the meeting.
During the recently announced Interim Budget for FY25, the Central Government penciled in Rs 6.21 lakh crore for the defence sector, 4.72 per cent higher than the previous year’s allocation of Rs 5.94 lakh crore.
This amount accounted for around 13 per cent of the overall Budget which was presented by Union Finance Minister Nirmala Sitharaman in the Parliament on February 1.
Out of all the ministries, the Defence Ministry continued to get the largest amount. A significant portion of this, 27.67 per cent, goes towards capital; 14.82 per cent goes towards revenue expenditures for operational readiness and sustenance;
