Added on February 1, 2018 UPI Web Desk

Rs 2.95 lakh crore allocated for defence budget for 2018-19

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New Delhi, Feb 1 An outlay of Rs 2.95 lakh crore was today set aside for the defence budget for the next fiscal which is an increase of 7.81 per cent over last years Rs 2.74 lakh crore.

Out of the total allocation, the capital outlay for the three defence services for purchase of new weapons, aircraft, warships and other military hardware has been pegged at Rs 99,947 crore.