More fund allocation for Defence sector

Our Bureau New Delhi | Updated on March 01, 2011

The Budget has proposed a 9 per cent increase in the funds being made available to the Armed Forces.

The Finance Minister, Mr Pranab Mukherjee, said that a provision of Rs 1.64,415 crore has been made for the defence services which includes Rs 69,199 crore for capital expenditure. “Needless to say, any further requirement for the country's defence would be met,” the Finance Minister said.

The capital outlay on defence services has been stepped up nearly 14 per cent to Rs 69,199 crore, while defence pensions are pegged at around Rs 34,000 crore.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on March 01, 2011
This article is closed for comments.
Please Email the Editor