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Budget 2016: Just 4.8 pc hike in defence sector

In budget that might surprise defence personnel and experts, the government on Monday allocated a hike of just 4.8 percent for Defence Ministry, as military pensions bill has been increased to Rs

Policy Pulse
Publish Date: Feb 29 2016 4:33PM | Updated Date: Feb 29 2016 5:07PM

Budget 2016: Just 4.8 pc hike in defence sector

 In budget that might surprise defence personnel and experts, the government on Monday allocated a hike of just  4.8 percent for Defence Ministry, as military pensions bill has been increased to Rs 82,000 crore. 

 
As reported in the media earlier, the ministry failed to utilize  a huge chunk of money allocated for defence sector, resulting in more climb in allocations.
 
The total allocation has increased to Rs 3.40 lakh crore,  but of pensions are deducted as has been the form, this would be Rs 2.58 lakh crore, which means a hike of 4.8 percent.