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India’s Rs. 17,200 Crore Question

Refuting all claims of a shrinking defence budget, the Indian Finance Minister announced a 5% increase in the defence budget for 2013-14. Coming at a time of increasing defence spending, and more recently, allegations of corruption during procurement, how can India put the new budget to effective use? By Aakash Brahmachari Mar. 5 – In an effort to dismiss any talk of compromising on defence, the Budget for 2013-2014 has increased India’s Defence Budget by 5% from last year to Rs. 2,03,672 crores ($42.5 billion). This includes Rs. 86, 741 crores ($16 billion) on arms acquisitions which is a hike … Continue reading

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