the allocation of the financial resources of central government budget on industry in last ten years
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Answer:
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Explanation:
The allocation of Rs 3.18 lakh crore has been estimated at around 1.6 per cent of the GDP which, according to experts, is lowest since the 1962 war with China.
In the interim budget presented on February 1, the defence budget was pegged at Rs 3.18 lakh crore and there was no change in the allocation.
In a significant move, import of defence equipment not manufactured in India has been exempted from basic customs duty by Finance Minister Nirmala Sitharaman.
She said defence has an immediate requirement of modernisation and it is a "national priority".
Answer:
The allocation of Rs 3.18 lakh crore has been estimated at around 1.6 per cent of the GDP which, according to experts, is lowest since the 1962 war with China.
In the interim budget presented on February 1, the defence budget was pegged at Rs 3.18 lakh crore and there was no change in the allocation.
In a significant move, import of defence equipment not manufactured in India has been exempted from basic customs duty by Finance Minister Nirmala Sitharaman.
She said defence has an immediate requirement of modernisation and it is a "national priority".
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