NEW DELHI (PTI): India’s defence budget, including outlay for payment of pensions, was increased to Rs 4.78 lakh crore for 2021-22 as against last year's Rs 4.71 lakh crore.
Excluding the pension outgo, the allocation in the Union Budget for the Armed Forces stands at Rs 3.62 lakh crore.
Out of total allocation, Rs 1.35 lakh crore has been set aside for capital outlay to purchase new weapons, aircraft, warships and other military hardware, according to the Union Budget presented in the Lok Sabha by Finance Minister Nirmala Sitharaman.
The capital outlay in the defence budget 2020-21 was Rs 1.13 lakh crore.
The total revenue expenditure, which includes expenses on payment of salaries and maintenance of establishments, has been pegged at Rs 3.37 lakh crore.
The total revenue expenditure included Rs 1.15 lakh crore for payment of pensions.
Union Budget: Rs 4.78 lakh crore allocated for defence
Article Posted on : - Feb 01, 2021
Other Related News
India, China defence ministers hold 'productive' talks in Laos; agree to work towards rebuilding mutual trust
India and China on Wednesday agreed to work towards a "roadmap" for rebuilding mutual trust with Defence Minister Rajnath Singh calling for drawing lessons from the "unfortunate border clashes" of 2020 during talks with his Chinese counterpart Dong Jun.
The Indian Air Force, in its flight trials evaluation report submitted before the Defence Ministry l..
view articleAn insight into the Medium Multi-Role Combat Aircraft competition...
view articleSky enthusiasts can now spot the International Space Station (ISS) commanded by Indian-American astr..
view article