Customs, GST relief to give Rs 60,000-cr boost to defence

In DEFENCE, News Updates

India’s defence budget will be augmented by more than Rs 60,000 crore over the next five years owing to exemptions from customs duty and goods and services tax (GST) that kicked in on October 1, said people aware of the matter.

They said estimates by the Rajnath Singh-led defence ministry show that the twin exemptions will significantly impact its budget and free up resources for modernisation and replenishment of equipment. Read More

You may also read!

Defence Minister arrives in Arunachal on two-day visit

Defence Minister Rajnath Singh on Thursday arrived in Arunachal Pradesh for a two-day visit to the state. The Defence


New Gaza rockets disrupt Israel, Islamic Jihad cease-fire

Gaza militants fired a barrage of rockets into Israel on Thursday, hours after a cease-fire was declared to end


This Is What China Has To Fear From India’s BrahMos Missiles

While many of us remain mesmerized by the unfolding shambles in the Middle East, the world’s two most populous


Mobile Sliding Menu