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Budget 2022: Nirmala Sitharaman's mega aatmanirbhar push in defence sector; Rahul Gandhi slams Budget; more

In a big push to the defence manufacturing in India, 25 per cent of the research and development budget of the defence ministry will be earmarked for the domestic private industry, startups and academia, Finance Minister Nirmala Sitharaman announced in her budget speech.

This along with 68 per cent of the capital procurement budget being earmarked for domestic industry in 2022-23 is aimed at boosting domestic manufacturing of defence equipment and reducing imports.

The total defence allocation for 2022-23 is Rs 5,25,166.15 crore compared to last year Rs 4,78,195.62 crore, an increase by 9.8 per cent.

Capital expenditure meant for new equipment and infrastructure development is pegged at Rs 1,52,369.61 up from last year's Rs 1,35,060.72 crore that was revised to Rs 1,38, 850.90 crore.

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