What does defence expects out of the Budget 2015?

  1. While both India and China had similar defence expenditure in 1990, India has now become the largest importer & China has graduated into the club of top exporters.
  2. We might need to increase the FDI limit in defence from 49% to 51% – So that the foreign players have some certainty of ownership.
  3. Expectations are that the long-pending One Rank, One Pension scheme will get due funds.
  4. MSME industries are expecting incentives and tax concessions to enable a level-playing field with the public sector.

 

Defence Sector – DPP, Missions, Schemes, Security Forces, etc.
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