Political Reactions to Budget 2024 Live Updates

Budget 2024 Political Reactions LIVE: Rajnath Singh thanks for highest allocation to defence

In a recent development, Defence Minister Rajnath Singh expressed his gratitude towards the Finance Minister for allocating the highest amount to the Ministry of Defence in the Budget for the fiscal year 2024-25. The allocation of ₹6,21,940.85 Crore, which accounts for 12.9% of the total Budget of the Government of India, is aimed at strengthening the capabilities of the Armed Forces. Additionally, a capital outlay of ₹1,72,000 Crore has been earmarked to further enhance the Armed Forces’ capabilities.

Singh also highlighted the allocation of ₹1,05,518.43 Crore for domestic capital procurement, which will boost self-reliance in defence production. He expressed his satisfaction with the 30% increase in allocation for Border Roads, emphasizing the importance of border infrastructure in national security.

This significant allocation to the defence sector has been well-received by the Defence Minister, reflecting the government’s commitment to enhancing the country’s defence capabilities. Stay tuned for more updates on the political reactions to Budget 2024.