NEW DELHI — India’s defense expenditure has been raised four percent to $31.8 billion for 2010-11. The budget was presented by Finance Minister Pranab Mukherjee Feb. 26 in parliament. Last year, the government provided a steep hike of about 34 percent for defense. Mukherjee said that considering the importance of defense, more funds would be provided as requirements dictate. “Secure borders and security of life and property fosters development,” he said. “I propose to increase the ...
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