Bengaluru, Feb 1 (IANS) Criticising the Union Budget for 2026–27 presented by Union Finance Minister Nirmala Sitharaman on Sunday, Karnataka Chief Minister Siddaramaiah said it resembling a municipality corporate budget and termed it the most disappointing budget he has seen in his political career. The Chief Minister said that in the 2025–26 budget, Union Finance Minister Sitharaman had promised an allocation of Rs 5.41 lakh crore for centrally sponsored schemes. “However, in the current bu…
Latest Defence Sector News & Updates
New Delhi, Feb 1 (IANS) Defence Minister Rajnath Singh on Sunday welcomed the Union Budget 2026 and expressed gratitude to Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman for the allocation of Rs 7.8 lakh crore for the defence sector.He said that following India’s historic success in the recent Operation Sindoor, this budget has reaffirmed the Central government’s resolve to further strengthen the country’s defence system.Finance Minister Nirmala Sitharaman announced an allo…
New Delhi, Feb 1 (IANS) Finance Minister Nirmala Sitharaman announced an allocation of Rs 7.8 lakh crore for the country’s defence sector in the Union Budget for 2026-27, representing a 15 per cent increase over the corresponding figure of Rs 6.81 lakh crore for the previous financial year.The defence forces have been allocated Rs 2.19 lakh crore for the purchase of military hardware as part of the capital outlay in the Budget, which constitutes a 21.8 per cent increase compared with the Rs 1….
Mumbai, Jan 31 (IANS) Defence‑linked stocks are expected to draw investor attention during the Union Budget 2026 announcement on February 1, with market participants looking for a moderate 8 to 10 per cent rise in defence allocation and improvement in execution momentum.Analysts said that investors are keen on cues of faster order finalisation and clearer procurement timelines rather than large headline increases in defence allocations, according to media reports.The market broadly anticipates…
New Delhi, Jan 27 (IANS) Commending DRDO’s role in achieving self-reliance, Defence Minister Rajnath Singh said on Tuesday that Operation Sindoor demonstrated that indigenous systems are strengthening India’s operational readiness.Addressing DRDO’s Best Performing Scientists and Technical Persons, who witnessed the 77th Republic Day Parade as Special Guests, Rajnath Singh stated that self-reliance has become a national mindset under the leadership of Prime Minister Narendra Modi.He said th…
New Delhi, Jan 4 (IANS) India’s capital expenditure cycle is showing early but clear signs of a comeback, and market experts believe several sectors linked to investment spending could see strong growth over the next two to three years.According to the India Equity Strategy 2026 report by Antique Stock Broking, improving economic conditions, policy support, and rising investments by both companies and households are creating the base for a broad recovery in capex.The report said this revival i…