Shabaz Sharif
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So $38 billion this year, what was last year budget?
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So $38 billion this year, what was last year budget?
So $38 billion this year, what was last year budget?
why cant u indians use billions always crorrs
by the way how much in $$
37.4 billion USD
In rupee terms how much increase?37.4 billion USD
In rupee terms how much increase?
If given to the SOFs it could go far sure, but in the grand scheme of things it is a relatively small amount (60-70% of a Rafale for instance).
A national war memorial for $60MN is money well spent to some people. To all those countless families who have lost loved ones I think they would say this amount is perfectly justifiable. It's difficult not to justify this sort of expenditure on this project.
$60MN is around 0.15% of the defence budget.
37.4 billion USD
I don't think you can credit the entire budget initiative to Jaitely alone. Modi & his economic advisers would have played a major part in this!
wow... happy hunting!
You RSS agents try to make India look bad by opposing Muslim reservation.
Not likely, Jaitley is too much of a hot head and an egoistic to allow interference.
He was chosen out of compulsion rather than the right individual for the job scenario. Shourie would have done wonders in his place.
The other useless appointment was of sadanand gowda for railways - the man doesnt have any track record to show - as a CM of Karnataka he was worthless. The man only knows to smile and nothing else. He I do agree that the whole railway budget was driven by Modi and Gowda wouldnt have had any input in it. Venkaiah Naidu - the less said about him the better.
I am more than disappointed in Modi's cabinet.
$60MN is around 0.15% of the defence budget.
* War Memorial and War Museum to be established at Princess Park in New Delhi; Rs.1,000 crore allocated
FDI in defence increased to 49%
...There has been a massive increase in funding to the Defence Research & Development Organisation (DRDO). DRDO’s capital allocation of Rs 5,985 crore, provided in February’s interim Budget, has been increased by almost 60 per cent to Rs 9,298 crore — the largest jump in DRDO’s history.
This takes R&D in the defence sector to Rs 15,283 crore, almost seven per cent of the Rs 2,29,000 crore defence budget. DRDO, which has been receiving about five per cent of the defence budget, has long pleaded for seven to eight per cent.
The capital allocation for the Ordnance Factory Board (OFB), which will be used for modernising the ministry’s network of 41 factories that manufacture arms, ammunition and equipment for the military, was doubled. The OFB’s allocation of Rs 530 crore has been raised to Rs 1,207 crore.
Jaitley’s focus on indigenisation was evident from his speech, in which he noted: “India today is the largest buyer of defence equipment in the world. Our domestic manufacturing capacities are still at a nascent stage… Companies controlled by foreign governments and foreign private sector are supplying our defence requirements to us at a considerable outflow of foreign exchange.”...
So it is an increase from 21% what will be the benefit and short comings of this?