1000 Crore Fund allocation for implementing One Rank One Pension
1000 Crore Fund allocation for implementing One Rank One Pension DEFENCE ALLOCATION RAISED TO RS 2,29,000 CRORE CAPITAL OUTLAY FOR DEFENCE MODERNIZATION INCREASED BY RS 5,000 CRORE Allocation for defence in this year’s General Budget has been raised to Rs 2,29,000 crore. Presenting the Union Budget in Lok Sabha today, the Union Finance Minister Shri Arun Jaitley also proposed a further sum of Rs 1,000 crore to address the pension disparities while implementing the policy of “one rank one pension” for soldiers.