Defence Budget raised by 10% to ₹2,74,000 crore
Finance Minister Arun Jaitley raised the Defence Budget by 10% to ₹2,74,000 crore, excluding pensions, while presenting the Union Budget on Wednesday. Jaitley announced the launch of a central defence travel system for soldiers and an online pension distribution system for defence pensioners. The defence budget for last year was ₹2,49,000 crore, an 11% increase compared to 2015-2016 budget.