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Extra Rs 600 cr for ex-servicemen pension in Budget, but no parity

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  • The flight evaluation trials for $11-billion MMRCA is slated to begin this month, the Indian Air Force has re-sought 22 twin-engine attack helicopters valued at $600 million. Extra money is also being set aside maintaining strategic balance with the northern neighbor in light of build up additional capacities in Tibet.

    While presenting the interim budget this year, Finance Minister Pranab Mukherjee had justified the raise “to strengthen the security in view of the recent terror attacks” even though the Defence Ministry had failed to fully utilise the funds made available last year.

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