Summary of Union Budget 2022-23: Rs 5.25 lakh crore allocated for defence budget
NEW DELHI: India’s economic growth in the current year is estimated to be 9.2 per cent, highest among all large economies. The overall, sharp rebound and recovery of the economy from the adverse effects of the pandemic is reflective of our country’s strong resilience. This was stated by Union Minister for Finance and Corporate Affairs […]
Pakistan government opts for austerity, but no reduction in defence budget
NEW DELHI: Pakistan on Tuesday announced that its defence budget for the next fiscal year (2019-20) will remain the the same as the last year’s Rs 1,150 billion amid an austerity drive by the government to solve the cash-strapped nation’s financial woes. Pakistan’s military, in a rare move, early this month decided to voluntarily cut […]
Defence budget hiked to Rs. 3,05,296 crore in India
NEW DELHI: About Rs. 3,05,296 crore have been provided in the Budget Estimates for 2019-20, compared to Rs. 2,82,733 crore provided in 2018-19 Budget Estimates. The figures were revised to Rs. 2,85,423 crore in the Revised Estimates of 2018-19. While presenting the Interim Budget 2019-20 in Parliament the Union Minister for Finance, Corporate Affairs, Railways […]