Published 12:20 IST, February 2nd 2021
Union Budget 2021 gives big push for modernised military resources amid tensions along LAC
Amid growing tension along the borders with China, the govt has made a big push towards upgrading military resources by allocating Rs 4.78 lakhs in Union Budget
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Bearing in mind growing tension along borders with China, government has me a big push towards upgring resources through military modernisation. For this, Centre has allocated a defence budget of Rs 4.78 lakh crore for year 2021-22, with a significant rise towards capital expenditure.
budget allocated for capital expenditure is Rs 21,326 crore, a rise of 18.75% from previous year. total budget of Rs 4.78 lakh crore also includes defence pensions, which is a 1.48% hike from Rs 4.71 lakh crore last year.
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Excluding pensions amounting to Rs 1.16 crore, defence budget for 2021-22 stands at Rs 3.62 lakh crore, marking a 7.34% rise from last year’s Rs 3.37 lakh crore. jump in capital allocation will give a push towards procurement of new and modern equipment for guarding borders.
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Last year, armed forces me emergency procurement of weapons and mobilise a massive 50,000 soldiers with ammunition along Line of Actual Control (LAC). As China moved its troops to alter status quo along LAC in Eastern Lakh, high-altitude gears, missiles and armaments were sent along border on an emergency basis. Air Force h also mobilised its strategic assets near LAC.
Defence Ministry in its statement on increase in capital allocation said: “This is highest ever increase in capital outlay for defence in last 15 years.”
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Opposition criticises Defence expenditure
Despite a significant increase in defence budget expenditure, Opposition continued to taunt Centre for t "spending eugh" on defence in midst of growing threat on borders.
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Reacting to Union Budget tabled in Parliament on Monday, Punjab Chief Minister Captain Amarinder Singh said vital sector of Defence h t been equately dressed despite growing border threat from China and Pakistan.
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Former Finance Minister and Congress leer P Chidambaram claimed that Union Budget was a let down like never before. Pointing out that Defence sector did t find a mention in Budget, he said it was unprecedented that Defence expenditure was increased only by Rs 4,000 crores.
"Defence expenditure increased only by Rs 4000 crores but mentions a reduction in pensions. With Defence expenditure and health care expenditure government has failed people," he said at a press conference.
12:20 IST, February 2nd 2021