In the Union Budget for 2021-22 presented by Finance Minister Nirmala Sitharaman in the Parliament, the allocation for the Defence services has been increased to ₹4.78 lakh crore compared to ₹4.71 lakh crore in the 2020-21 budget. There is nearly a 19 per cent hike in the capital expenditure and it is the highest-ever increase in the last 15 years.
While presenting the Budget last Monday, Finance Minister Nirmala Sitharaman said, one lakh 35 thousand crore rupees has been set aside for capital expenditure that includes purchasing new weapons, aircraft, warships and other military hardware.
Our correspondent reports that the Finance Minister also announced the proposal to open 100 new Sainik schools.
Support Ethical Journalism. Support The Dispatch
The Dispatch is a sincere effort in ethical journalism. Truth, Accuracy, Independence, Fairness, Impartiality, Humanity and Accountability are key elements of our editorial policy. But we are still not able to generate great stories, because we don’t have adequate resources. As more and more media falls into corporate and political control, informed citizens across the world are funding independent journalism initiatives. Here is your chance to support your local media startup and help independent journalism survive. Click the link below to make a payment of your choice and be a stakeholder in public spirited journalism