Saurabh jindals
BANNED
- Joined
- Nov 8, 2015
- Messages
- 222
- Reaction score
- -1
- Country
- Location
SOURCE: ECONOMIC TIMES
In a disappointment for the defence forces, a very modest hike of 4.8 percent has been allocated to the ministry of defence, one of the lowest increases in years as the military pensions bill has zoomed to Rs 82,000 crore.
As first reported by ET, the ministry has also not been able to utlilize a significant chunk of money allocated for defence modernization, resulting in a small hike in allocations. Also for the first time, military pension bill has been added to the defence budget.
The total allocation has thus zoomed to Rs 3.40 lakh crore but of pensions are subtracted as has been the form, this would come to only Rs 2.58 lakh crore. This would mean a meaningful hike of 4.8 percent.
In a disappointment for the defence forces, a very modest hike of 4.8 percent has been allocated to the ministry of defence, one of the lowest increases in years as the military pensions bill has zoomed to Rs 82,000 crore.
As first reported by ET, the ministry has also not been able to utlilize a significant chunk of money allocated for defence modernization, resulting in a small hike in allocations. Also for the first time, military pension bill has been added to the defence budget.
The total allocation has thus zoomed to Rs 3.40 lakh crore but of pensions are subtracted as has been the form, this would come to only Rs 2.58 lakh crore. This would mean a meaningful hike of 4.8 percent.
