FM Arun Jaitley at the Aaj Tak National Security Summit on Tuesday
Finance Minister Arun Jaitley said on Tuesday that India needs a bigger defence budget to modernise its armed forces during the next six-seven years. Speaking at the Aaj Tak National Security Summit, Jaitley said government has increased the tax base during the last five years and the money raised from taxes will be used for defence.
Commenting on the use of MIG 21s in the Indian Air Force fleet, Jaitley said, "We don't have outdated jets in IAF fleet. MIG 21s used in the recent IAF operation were upgraded ones."
Citing the delay in defence procurement process, Jaitley said previous governments delayed purchase of jets including Rafale which adversely affected national security.
"If Pakistan would have would have admitted to casualties in airstrikes, then they would had to reply to the international community," Jaitley said.
The United Nations Security Council and Financial Action Task Force would have imposed sanctions on Pakistan after their admissions of casualties in the Balakot airstrikes, the FM said.
Pointing to the diplomatic win of the Modi government in face off with Pakistan, Jatiley said that for the 13th time, Pakistan has gone to IMF to seek monetary help. After the Balakot air strike, even China and Turkey have not fully backed Pakistan.
Organisation of Islamic Cooperation too ignored Pakistan recently, thereby indicating a huge diplomatic cost for the country to remain engaged in terrorism activities in the future.