No big bang for defence, with a meagre hike in allocation despite China-Pak threat – Times of India
NEW DELHI: There was no big bang for the armed forces, with the defence outlay registering just a meagre 4.8% hike over the previous fiscal’s budgetary estimates and actually going into the negative if revised estimates are taken into account.The overall defence budget was pegged at Rs 6.2 lakh crore ($74 billion), virtually the same…