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.
Showing posts with label Outlay for defense. Show all posts
Showing posts with label Outlay for defense. Show all posts
Monday, February 28, 2011
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