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Defence Budget hiked to Rs 1.64 lakh crore

News18test sharma |

Updated: February 28, 2011, 12:47 PM IST
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Defence Budget hiked to Rs 1.64 lakh crore
This will mark an over four per cent increase from the 2010-11 allocation of Rs 147,344 crore.

New Delhi: Finance Minister Pranab Mukherjee on Monday said India's defence Budget for 2011-12 had been hiked to Rs 164,415 crore.

This will mark an over four per cent increase from the 2010-11 allocation of Rs 147,344 crore.

Mukherjee also told the Lok Sabha while presenting the annual Budget that the capital expenditure for defence in 2011-12 would be scaled up to Rs 69,199 crore, up from the Rs 60,000 crore in 2010-11.

He said any further requirement for defence of the country would be met.

First Published: February 28, 2011, 12:47 PM IST
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