Spending Plan: India hikes defence budget by 5.3%
India unveils a surge in government spending by imposing new taxes on large companies to fund a dash for growth.
Chidambaram thanked the Indian defence minister for being ‘most understanding’ about the cuts after which the defence ministry will now receive a mere 5.3% increase in comparison to last year’s 17% increase.
Published in The Express Tribune, March 1st, 2013.
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