China hikes defence budget to $115.7 bn

Last Updated: Tuesday, March 5, 2013, 09:16

China on Tuesday hiked its defence budget by 10.7 percent to USD 115.7 billion well above this year`s Indian defence spending of USD 37.4 billion.

Five per cent cut in defence budget

Last Updated: Wednesday, January 2, 2013, 20:09

Government has imposed around five per cent cut in the Rs 1.93 lakh crore defence budget this year in view of economic slowdown.

Curtailing of defence budget to throw new challenges: Panetta

Last Updated: Tuesday, August 7, 2012, 11:50

The Pentagon is faced with challenge to maintain a force strong enough to meet the challenges of the future, US Defence Secretary Leon Panetta has said.

Pakistan defence budget goes up by 10 percent

Last Updated: Friday, June 1, 2012, 21:08

Pakistan on Friday hiked its defence budget for fiscal 2012-13 by nearly 10 per cent to Rs 545 billion.

Musharraf asks PPP to increase Pak`s def budget

Last Updated: Monday, May 28, 2012, 13:11

Musharraf has criticised the govt for spending only 17 per cent of the budget on defence, and asked it to allocate more for the armed forces.

US defence budget 2013 to be heavier?

Last Updated: Wednesday, May 9, 2012, 23:41

US House panel pressed ahead with a heavier version of the 2013 US defence budget adding billions to Obama`s budget.

17% hike in India's defence spending

Last Updated: Friday, March 16, 2012, 13:26

To give a further push to its rapid military modernization, India Friday hiked its military spending by over 17 percent to Rs.1,93,407 crore (over USD 42 billion/Rs.1.93 trillion).In real terms, this increase amounts to Rs.28,992 crore (USD 6.5 billion) in the total outlay for defence for 2012-13 compared to Rs.1,64,415 crore (USD 36 billion) for the previous year (2011-12).

China hikes defence budget to $106.4 bn

Last Updated: Sunday, March 4, 2012, 13:40

China Sunday announced that it would spend a whopping USD 106.4 billion on defence this year, an 11.2 percent hike that is likely to trigger concerns among neighbours and others about its military might and growing assertiveness in Asia-Pacific.