The government does not see any additional defence budget allocations for the current fiscal despite Operation Sindoor under which the country’s armed forces destroyed nine terror camps to avenge the Pahalgam terror attack, a government source said on Friday.
“We have provided defence budget to be adequate, I don’t see an additional demand. Even if it is needed, India’s strategic requirement will never be left wanting,” a government source said.
The government in the Budget for 2025-26 had set aside over ₹6.81 lakh crore as defence outlay, up from ₹6.22 lakh crore in FY25, amid the military’s push for modernisation in the face of security challenges from China and Pakistan.
FATF grey list
India will push the Financial Action Task Force (FATF), a global financial crime watchdog, to add arch-rival Pakistan back to its “grey list”, and oppose upcoming World Bank funding to Islamabad, a top government source in New Delhi said on Friday.
The source said India would not miss any opportunity “in opposing Pakistan and the next one is funding by World Bank, and we will raise our protest there too”.
Pakistan was taken off the FATF grey list in 2022, giving it a clean bill of health on terrorist financing and boosting its reputation among lenders — essential for its crisis-hit economy. The FATF’s grey list places a country under increased monitoring until it has rectified identified flaws in its financial system.