Defence Ministry Boosts Budget to Enhance National Security
The Defence Ministry has fortified its financial arsenal with a substantial ₹1.72 lakh crore allocation aimed at procuring cutting-edge weapon systems. This forms part of the ministry's broader ₹6.22 lakh crore budget, slightly surpassing the earlier interim budget allocation. There has been substantial allocation which accounts for 12.9 per cent of the total budget.
A substantial portion of this financial blueprint is earmarked for pensions and salaries, underscoring a commitment to both modernization and personnel welfare.
Strengthening Defence Capabilities through Strategic Investments
The capital acquisition outlay is strategically earmarked for acquiring a spectrum of new weapon systems vital for bolstering the armed forces. From fighter aircraft to ships, submarines, drones, and specialized vehicles, this allocation is pivotal for enhancing operational readiness. Noteworthy plans include the modernization of the Su 30MKI fighter fleet, additional aircraft procurement, engines for the MiG-29 fleet, and acquiring transport aircraft like the C-295 and LCA Mk1A fighter.
Strategic Procurements on the Horizon
Anticipated major procurements this year encompass diverse agreements, including acquiring additional submarines from Mazagaon Dockyards Ltd, purchasing 26 Rafale Marines from France, and securing long-range drones from the US. These strategic acquisitions signify a concerted effort to reinforce our national security apparatus.
A Boost to Flagship Schemes and Innovation
Significant hikes in allocations toward flagship schemes like the Agnipath initiative highlight a commitment to bolstering defense capabilities. Moreover, an additional ₹400 crore has been allocated for fostering innovation in defense through the Acing Development of Innovative Technologies with iDEX (ADITI) scheme, aimed at incentivizing innovative solutions within the defense sector.
Emphasizing Border Infrastructure Development
A key focus lies on enhancing border infrastructure, with a notable 30% boost in the Border Roads Organisation's budgetary allocation. Projects such as the development of Nyoma airfield in Ladakh, the Shinku La tunnel in Himachal Pradesh, and the Nechiphu tunnel in Arunachal Pradesh are slated to receive funding from this allocation. This strategic emphasis underscores a holistic approach to fortifying our border defenses.
Capital outlay will fortify the armed forces' capabilities while also catalyzing broader economic benefits. This robust financial commitment not only enhances our national security posture but also signals a proactive stance towards innovation and infrastructure development within the defense sector
Budget 2024 allocates Rs 2.19 lakh crore for India's internal security, intelligence
The Ministry of Home Affairs has received an allocation worth Rs 2.1 lakh crore from the Union Budget 2024. A majority of this fund has been given to central security forces like CRPF, BSF and CISF that are responsible for internal security.
Adequate Allotment Central Armed Police Forces
Central Reserve Police Force (CRPF): Rs 31,543.20 crore
Border Security Force (BSF): Rs 25,472.44 crore
Central Industrial Security Force (CISF): Rs 14,331.89 crore
Indo-Tibetan Border Police (ITBP): Rs 8,634.21 crore
SSB: Rs 8,881.81 crore
Assam Rifles: Rs 7,428.33 crore
Intelligence Bureau (IB): Rs 3,823.83 crore
Delhi Police: Rs 11,180.33 crore
Special Protection Group (SPG): Rs 506.32 crore
Police infra, developmental schemes
Meanwhile, Rs 3,756.51 crore has been allocated to the Border Infrastructure and Management, Rs 3,152.36 crore has been given for developing police infrastructure, Rs 1,105 crore for schemes related to women’s safety, Rs 9,305.43 crore for various central sector projects and schemes sponsored by the home ministry, Rs 3,199.62 crore for security-related expenditure and Rs 1,050 crore for Vibrant Villages Programme.
The Safe City Project has been allotted Rs 214.44 crore, the National Forensic Science University got Rs 80 crore and the Rashtriya Raksha University has been given Rs 90 crore.
The budget also allocated Rs 1,309.46 crore (Rs 578.29 crore in 2023-24) towards work related to census and Rs 1,606.95 crore to the National Disaster Response Force (Rs 1,666.38 crore in 2023-24)
These aspects collectively depict Budget 2024 as a comprehensive and forward-looking financial plan that not only addresses immediate economic challenges but also lays the groundwork for sustainable growth and development in India.
In conclusion, Budget 2024 emerges as a well-rounded financial plan, striking a balance between fiscal prudence, strategic investments, regulatory simplification, job creation, and futuristic reforms. With its multi-dimensional approach, the budget paves the way for sustained economic growth and enhanced employment opportunities in India.
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