Tarmak007 -- A bold blog on Indian defence: Union Budget 2011: $36 billion allotted for defense

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Monday, February 28, 2011

Union Budget 2011: $36 billion allotted for defense

India's Finance Minister Pranab Mukherjee on Feb 28 raised allocations for MoD by 11  per cent for the year 2011-12 to Rs 1,64,415 crore (approx $36 billion). The capex has been increased to Rs 69,199 crore. He promised additional funds would be made available to MoD, if need be. Antony & Co couldn't have asked for more as the much-needed modernization plans of Indian Army, Navy and Air Force armed forces are at various levels of implementation.

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