06-16-2024, 08:56 AM
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NEW DELHI:India on Thursday hiked its defence spending by 21 percent to $42.7 billion and promised that strains on the public finances wou dunk low ld not hamper moves to modernise its million-plus military.The government, one of the world s largest arms buyers, will raise defence spending to 2.3 trillion rupees ($42.7 billion) for the financial year to March 31, 2014, Finance Minister P. Chidambaram said in his budget.The figure is up a fifth from 2012-13 when the defence budget stood at 1.9 trillion rupees. I assure the house that constraints will not come in the way of providing any additional requirement for the security of the nation, Chidambaram told parliament.The minister earmarked $16 billion as capital expenditure in line with India s ambitious moves to acquire the latest hardware.The lat yeezy 350 est increase is likely to upset nuclear-armed neighbour Pakistan which has fought t adidas yeezys boost hree wars with India since independence in 1947.India is on the brink of buying 126 French Rafale fighter jets for RAWALPINDI:The government is keen to pursue the L nb 550 ook Africa policy aimed at exploring new markets and airmaxplus diversification of export products, said Adviser to Prime Minister on Commerce stanley brand Abdul Razak Dawood.
NEW DELHI:India on Thursday hiked its defence spending by 21 percent to $42.7 billion and promised that strains on the public finances wou dunk low ld not hamper moves to modernise its million-plus military.The government, one of the world s largest arms buyers, will raise defence spending to 2.3 trillion rupees ($42.7 billion) for the financial year to March 31, 2014, Finance Minister P. Chidambaram said in his budget.The figure is up a fifth from 2012-13 when the defence budget stood at 1.9 trillion rupees. I assure the house that constraints will not come in the way of providing any additional requirement for the security of the nation, Chidambaram told parliament.The minister earmarked $16 billion as capital expenditure in line with India s ambitious moves to acquire the latest hardware.The lat yeezy 350 est increase is likely to upset nuclear-armed neighbour Pakistan which has fought t adidas yeezys boost hree wars with India since independence in 1947.India is on the brink of buying 126 French Rafale fighter jets for RAWALPINDI:The government is keen to pursue the L nb 550 ook Africa policy aimed at exploring new markets and airmaxplus diversification of export products, said Adviser to Prime Minister on Commerce stanley brand Abdul Razak Dawood.
