NEW DELHI (PTI): Indian Government has imposed around five per cent cut in the Rs 1.93 lakh crore defence budget this year in view of economic slowdown.
The Ministry of Finance recently conveyed to the Defence Ministry that there would be a cut of around Rs 10,000 crore in the Rs 1.93 lakh crore allocated for the defence sector, Ministry officials said.
After the cut in budget, several key acquisition plans of the three forces including the procurement of 126 combat aircraft for the Indian Air Force (IAF) are expected to be pushed for the next fiscal, they said.
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