Defence Industry

Reorganisation of Defence Outlay for 2016–17: A Tepid Affair

Beginning 2016–17, the Ministry of Defence (MoD) will present four detailed demands for grant (DDGs)1 instead of eight that it had been presenting to the Lok Sabha2 in the past. It is not that its area of responsibility has shrunk. The reason why the number of demands has come down is that the budgetary outlays earlier spread over eight demands have now been compressed into four.

Designing Sound Defence Offset Policies

Policymakers need to ask themselves ‘What Really Makes Offsets Tick?’ in order to develop an objective framework based on sound principles repeatedly noticed in the offset regulations of ‘The Smarter Lot’ of countries and in the process avoid committing the seven ‘original sins’ that a poorly-designed offset policy may entail.