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Wednesday, 19 October 2016

Defence budget needs to be hiked to pay for Rafale, other new purchases: report October 19, 2016 at 08:06PM

SOURCE: PTI Having signed the €8.8-billion Rafale deal, the government will have to increase the defence budget midway through this financial year to pay for new orders, domestic brokerage ICICI Securities said on Tuesday. “The amount earmarked for new purchases is so low that it has been exhausted on just one purchase alone—the Rafale fighter, whose […]

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