Defence Allocation Enhanced to Rs. 96,000 Crore

The Finance Minister, Shri P. Chidambaram, has proposed to increase the allocation for defence to Rs. 96,000 crore. While presenting the Budget proposals for the year 2007-08 in the Lok Sabha today, the Minister stated that this would include Rs. 41,922 crore for capital expenditure. He further added that any additional requirement for the security of the nation would be provided.

Source : Press Information Bureau

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