Defence allocation remains a mystery: Govt has not clarified if new accounting base used

By Ajai Shukla Business Standard, 3rd March 16 It remains unclear how much money the government has allocated for defence in 2016-17. The finance minister, departing from custom, did not announce a figure in his Budget speech. The Indian Express has reported it at Rs 2.58 lakh crore, or 1.74 per cent of Gross Domestic Product (GDP). Later, in the same article, it is stated to be

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