New Delhi, Feb. 1 -- In pursuance of Prime Minister Narendra Modi-led Government's vision of 'Viksit Bharat @ 2047' with technologically-advanced and 'Aatmanirbhar' Armed Forces, Union Budget of India has made a provision of Rs 6,81,210.27 crore for Financial Year (FY) 2025-26 for the Ministry of Defence (MoD). This allocation is 9.53% more than the Budgetary Estimate of FY 2024-25 and stands at 13.45% of Union Budget, which is highest among the Ministries.
Out of this, Rs 1,80,000 crore i.e. 26.43% of total allocation will be spent on Capital Outlay on Defence Services. On Revenue Head, allocation for the Armed Forces stands at Rs 3,11,732.30 crore which is 45.76% of total allocation. Defence Pension receives a share of Rs 1,60,795 cror...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.