Budget 2021 Increases Allocation For Capital Defence Expenditure To 18.75%

Budget 2021: Finance Minister Nirmala Sitharaman allocated Rs 4.78 lakh crore to the defence sector for the financial year 2021-22, as against the last year's outlay of Rs 4.71 lakh crore. The Finance Minister termed it as the highest ever outlay for the sector in 15 years. The government increased the budget allocation for capital defence expenditure by 18.75 per cent over 2020- 2021. Out of the total allocation, Rs 1.35 lakh crore ...