Capital outlay for Defence

Capital outlay for Defence increased by nearly 19 percent

Union Budget 2021-22 has given a historic push to defence modernisation by increasing defence capital outlay by 18.75 per cent. The allocation under capital expenditure which relates to modernisation and infrastructure development of Armed Forces has been significantly increased.  The allocation under Capital of over 1 lakh 35 thousand 60 crore rupees for Financial Year …

Capital outlay for Defence increased by nearly 19 percent Read More »