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Finance Minister Arun Jaitley Saturday said that the government had provided an outlay of Rs.246,727 crore for defence for 2015-16.
Jaitley said in his budget speech that the government was following a policy of transparency and quick decision-making in procurement to keep the defence forces prepared for any eventuality.
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He said that government was pushing for Make in India policy in defence manufacturing. He added the defence outlay had been enhanced over the last fiscal at Rs.246,727 crore.
