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Defence equipment

Govt to meet defence requirements through domestic procurement:  Ajay Bhatt

Raksha Rajya Mantri Ajay Bhatt has called upon the scientific community to make advancements in technologies, such as Artificial Intelligence (AI), so that the Nation is prepared to deal with future threats. He was addressing the National Technology Day function organised by Defence Research and Development Organisation (DRDO) in New Delhi on May 11, 2022.

India will soon become net exporter of defence equipment: Rajnath

Rajnath also mentioned about the Ministry of Defence’s approval of a central sector scheme for iDEX with a budgetary support of about Rs 500 crore for the next five years from 2021-22 to 2025-26. The scheme would provide financial assistance to around 300 start-ups/MSMEs/individual innovators and about 20 partner incubators through Defence Innovation Organisation (DIO).

An economic vision

The obsessive security associated with Budget preparation, where dozens of Finance Ministry officials are sequestered in North Block days ahead of the presentation, has a huge downside in that there is no informed discussion on the proposed budgetary provisions. Unfortunately, budget proposals are finalised in the rarefied atmosphere of North Block, far removed from the persons and places for whose benefit the whole exercise is undertaken.