The Finance Minister while announcing the budgetary allocation for the armed forces and Defence:
“Our soldiers protect our borders in tough conditions. They are our pride and honour. We also respected their dignity. In our Election Manifesto, we had promised to implement One Rank One Pension (OROP). This was pending for the last 40 years and has been resolved by us. The previous Governments announced it in three budgets but sanctioned a mere 500 crores in 2014-15 Interim Budget; in contrast we have already disbursed over 35,000 crores after implementing the Scheme in its’ true spirit. The Government also announced substantial hike in the Military Service Pay (MSP) of all service personnel and special allowances given to Naval and Air Force personnel deployed in high risk duties.
He added, “Our Defence Budget will be crossing 3,00,000 crores for the first time in 2019-20. For securing our borders and to maintain preparedness of the highest order, if necessary, additional funds would be provided”. This is for the very first time in that defence budget of the country crossed 3 lakh crores rupees
With the takeover of BJP Government in 2014, they immediately dismantled the network of agents in the defence deals which was prevalent over the decades of Congress Governments. This has helped saving thousands of crores of tax payer’s money going in to the corrupt hands.
With the announcement of the Budget today, the budgetary allocation for the defence sector of India has exceeded the total budget outlay of Pakistan. The budget outlay of Pakistan for the year 2018-19 was 4.75 lakh crores in Pakistani rupees which is equal to 2.45 lakh crores when converted into Indian rupees. Therefore the defence budget allocation by India as per today’s announcement is higher than the total budget of Pakistan.
WhatsApp us