Search This Blog

Loading...

Tuesday, March 03, 2015

Defence budget hiked by nearly 11 per cent

AH-64E Apache LongbowThe defence budget was increased on Saturday by 10.95 per cent to Rs 2.46 lakh crore for the next fiscal as compared to the revised estimates of Rs 2.22 lakh crore for 2014-15 as the government focuses on 'Make in India' to curtail over-dependence on imports.

The defence budget accounts for nearly 13.88 per cent of the total central government expenditure for the year 2015-16 which is Rs 1,777,477.04 crore.

While the government had last year alloted Rs 2.29 lakh crore in the budget, it was revised to Rs 2,22,370 crore.

Read more

No comments:

Post a Comment

Note: only a member of this blog may post a comment.

Fair Use Notice

This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.

The material is being made available in an effort to advance understanding arms trade activities, for non-profit research and educational purposes only.

I believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law.

If you wish to use this copyrighted material for purposes of your own that go beyond 'fair use,' you must obtain permission from the copyright owner.

This is a completely non-commercial site for private personal use. No fee is charged, and no money is made off of the operation of this site.