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China to hike 2016 defence budget by 7-8%

China to hike 2016 defence budget by 7-8%

China will raise its defence budget by seven to eight percent in 2016, compared with last year`s 10.1 percent, an official said on Friday.

Defence budget hiked by nearly 10% to Rs 2.58 lakh crore

Defence budget hiked by nearly 10% to Rs 2.58 lakh crore

The defence budget was today increased by 9.76 percent to Rs 2.58 lakh crore for the next fiscal as compared to the revised estimates of Rs 2.33 lakh crore for 2015-16 even as military pension zoomed to Rs 82,000 crore mainly due to the One Rank One Pension scheme.

Arun Jaitley presents Union Budget 2016-17, no mention of defence allocation

Arun Jaitley presents Union Budget 2016-17, no mention of defence allocation

Union Finance Minister Arun Jaitley, who unveiled the Union Budget 2016-17 in Lok Sabha on Monday, made no mention of defence allocation, thus raising many eyebrows.

Low defence budget may affect security: Parliamentary panel

A low defence budget may have adverse implications on the country`s security, a parliamentary panel has warned the government ahead of the budget for fiscal 2016-17 set to be presented in Lok Sabha on Monday.

PM Modi for indigenous manufacturing to cut defence budget by 50%

Noting that India imports defence equipment in large quantity, Prime Minister Narendra Modi on Thursday emphasised on indigenous manufacturing to help slash the defence budget by 50 per cent within a decade.

17% hike in India's defence spending

To give a further push to its rapid military modernization, India Friday hiked its military spending by over 17 percent to Rs.1,93,407 crore (over USD 42 billion/Rs.1.93 trillion).In real terms, this increase amounts to Rs.28,992 crore (USD 6.5 billion) in the total outlay for defence for 2012-13 compared to Rs.1,64,415 crore (USD 36 billion) for the previous year (2011-12).