New Delhi: A webinar on Budget 2022-23 announcements will be held on February 25. The focus will be on the big push to the Atmanirbhar Bharat initiative by the Ministry of Defence (MoD).
The topic of the webinar is Atmanirbharta in Defence – Call to Action. The webinar will start at 10 AM IST and will conclude at 1:50 PM IST.
Also read: Budget 2022: Big Boost for Indigenous Development of Defence Systems
The information about the webinar was shared on the official Twitter handle of Defence Production India.
A big push to the Atmanirbhar Bharat initiative by Ministry of Defence (MoD)
Webinar on Budget Announcements: 2022-2023
Atmanirbharta in Defence – Call to Action
Date: 25th February 2022
Timing: 10:00 Hrs – 13:50 Hrs#Atmanirbharbharat
— Defence Production India (@DefProdnIndia) February 22, 2022
The Union Budget for Financial Year 2022-23, presented by the Finance Minister on February 1, has given further impetus to modernisation of Defence Services and Defence Security Infrastructure development, including the Border Road Infrastructure and Coastal Security Infrastructure.
The Union Budget 2022-23 envisages a total outlay of Rs 39.45 lakh crore. Out of this, the Ministry of Defence has been allocated a total budget of Rs 5.25 lakh crore, which is 13.31% of the total budget. This includes an amount of Rs 1.19 lakh crore for Defence Pensions. The total Defence Budget represents an enhancement of Rs 46,970 crore (9.82%) over Budget Estimates 2021-22.
Through enhanced budgetary support over the years, the government has placed modernisation and infrastructure development of the Armed Forces at the centre stage of the National Security and Defence Planning process.
The total allocation under Capital Outlay of the Defence Services has been increased from Rs 86,740 crore in 2013-14 to 1.52 lakh crore in 2022-23. There is an enhancement of 76% over a period of nine years.
Further, during this period, the total Defence Budget including Defence Pensions has increased by 107.29%, from Rs 2.53 lakh crore in 2013-14 to Rs 5.25 lakh crore in 2022-23.