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Defence allotments remain in estimated range

Defence allotments remain in estimated range Declaring the main contours of allocations for defence, Finance Minister Arun Jaitley stated, “I propose to increase the capital outlay for the defence by Rs 5,000 crore over the amount provided in the interim budget. This includes a sum of Rs 1,000 crore for accelerating the development of railway system in border areas.," The allotments in the interim budget was Rs 2,24,000 crore for defence which is now raised to 2,29,000 Crore. In a pre defence budget assessment of possible allotments for defence, an estimate of Rs 95,000 Crore on capital account and an overall allotment of Rs 2.30 Lakh Crore for the defence budget was made by Security Risks on 08 July. Finance Minister allotted Rs 2.29 Lakh crore overall and Rs 94, 257 Crore for ca...
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