The Comptroller and Auditor General of India has directed the Centre and all states to adopt uniform categories for government spending. Th...

Defence Minister Rajnath Singh dismissed Pakistan Army chief Asim Munir's economic comparison, calling it a confession of Pakistan's strugg...

Amidst escalating tensions following the Pahalgam attack and ongoing cross-border conflicts, India's military spending significantly outpac...

China will increase its defence spending by 7.2% this year, maintaining the same growth rate as last year. This move comes amid economic ch...

Defence Budget 2024 Comparison: India's defence budget for FY 2024-25 has been raised to ₹6.21 lakh crore (US $75 billion), up from ₹5.94 l...

In FY23, the Defence budget (excluding pensions) was about 10% of the Central Govt expenditure and around 1.7% of GDP. In comparison, this ...

With a pent-up demand in the system, it’s only appropriate that the package focuses largely on the supply side of the economy. If some of t...

Even Pakistan which spends 42% of its total defence expenditure on personnel has been spending 26% on operations and maintenance, a higher ...

The Air Force has done well to spend more than 54% of the capital budget of Rs 33,657 cr earmarked for purchase of equipment and weapon sys...

The biggest surprise in the Union Budget is that, of the Rs.3,40,922 crore set aside for the MoD, not a single additional rupee has gone to...

India spends more than China on defence, and on par with South Korea and Turkey

Rising Pakistan-sponsored terror activities and frequent border skirmishes with China require Indian forces to ramp up their might.

Exactly how many employees does the Central government have? The report of the Seventh Pay Commission seems to suggest that nobody is quite...

Receipts in the capital account of the consolidated fund are divided into three broad heads - public debt, recoveries of loans and advances...

The finance ministry said the govt will meet fiscal targets through a mix of a robust increase in tax collections and prudent spending.

We concluded the previous instalment of the glossary with a discussion of central plan. We now take up concepts of plan and non-plan expend...

Plan expenditure, fiscal deficit and revenue expenditure are some of the terms that one will hear in the Union budget.