Wednesday, 1 February 2017

Defence Budget sees marginal overall increase, gets overshadowed by manpower cost

SOURCE: DNA INDIA Finance Minister Arun Jaitley has increased the defence budget by a sum of 16,000 crore. Jaitley while presenting the Union Budget for 2017-2018 announced that Rs. 2,74,114 crore is allocated for defence expenditure, excluding pension. This includes Rs 86,000 crores for defence capital. The defence budget for the year 2016-2017 was Rs. 2,58, […]

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