Finance minister can make these 5 big announcements in the budget!
Finance minister Nirmala Sitharaman is going to present the Union Budget on february 1, 2025, in which many big announcements can be made regarding the defense sector. Given the current global and regional security, this budget can be an important opportunity to enhance the capacity of the indian Army and encourage self-reliance. Let us know what are the possible announcements that can be made during Budget 2025.
Defense budget can reach 7 lakh crores
This time the defense budget is expected to increase in the budget. The defense budget in the last financial year was Rs 6.21 lakh crore and this time it is likely to be increased to Rs 7 lakh crore. This increase is considered necessary in view of India's increasing security challenges and global instability.
Promotion of indigenous weapon manufacturing
Under the "Make in India" initiative, the government can emphasize on the manufacture of indigenous defense equipment. In this direction, special funds are likely to be allocated for research and development (R&D), which will increase the production of weapons and equipment in the country. This will not only reduce foreign dependence but will also create employment opportunities.
Investment in border security and infrastructure
To strengthen security on India's borders, additional funds may be allocated for the Border Security Forces in the budget. It will focus on upgrading surveillance systems and infrastructure development using new technologies.
Focus on cyber security
To deal with cyber threats, a part of the defense budget can be focused on wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital security measures. This step will not only ensure the safety of military operations but will also strengthen the overall cyber security of the country.
Gift to ex-servicemen
Special provisions are also expected to be made for the welfare of ex-servicemen in the budget. This can include pension reforms, expansion of medical facilities and employment generation schemes for ex-servicemen.
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