Union Budget 2015: FM Arun Jaitley allocates Rs 2.46 lakh crore for defence sector

Finance Minister Arun Jaitley on Saturday said the government plans to spend Rs 2.46 lakh crore (US $40 billion) on the defence sector in the 2015-16 financial year.

twitter-logo Reuters   New Delhi     Last Updated: February 28, 2015  | 13:03 IST
FM Jaitley allocates Rs 2,460 crore for defence
(Photo: Reuters)

Finance Minister Arun Jaitley on Saturday said the government plans to spend Rs 2.46 lakh crore (US $40 billion) on the defence sector in the 2015-16 financial year.

Jaitley made the statement when presenting the Prime Minsiter Narendra Modi-led government's maiden full-year Budget in the Lok Sabha.

UNION BUDGET 2015-16:Key highlights | Full coverage

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