Defence allocation for 2010-11 raised to Rs 147,344 crore | business | Hindustan Times
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Defence allocation for 2010-11 raised to Rs 147,344 crore

business Updated: Feb 26, 2010 14:29 IST

IANS
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India's defence expenditure has been raised 3.98 per cent to Rs.147,344 crore (Rs.1.47 trillion/$32 billion) in the budget for fiscal 2010-11 presented by Finance Minister Pranab Mukherjee in the Lok Sabha on Friday.

The raise of Rs.5,641 crore is a far cry from the 34 per cent hike to Rs.141,703 crore Mukherjee had effected for 2009-10, saying that a security “threshold had been crossed” with the 26/11 Mumbai terror attacks.

In real terms, however, the hike for fiscal 2009-10 ending March 31 worked out to a little over 23 per cent as the revised expenditure for 2008-09 had been placed at Rs.114,600 crore against the allocation of Rs.91,681 crore.