India boosts defence spending

India has significantly increased its annual defence spending for second consecutive year.

Neraj Bali reports...

Indian finance minister Yashwant Sinha has promised around 26 million dollars to the military for the new financial year which begins in April . Presenting his annual budget to the parliament Mr Sinha has pushed up defence allocation by almost 13 per cent. The latest increase follows last year's massive jump of 28 per cent prompted partly by India and Pakistan coming to the brink of war in Kashmir in 1999. Reacting immediately Pakistan said it was deeply concerned by India's growing defence expenditure.
Neraj Bali, New Delhi.

1/03/01 2:52:40 | ABC Radio Australia News

More Asia Breaking News 23/10/2002 23:02:42 Two dead as Bangladeshi crime crackdown continues 23/10/2002 23:02:42 Tamil Tigers chief talks with Norwegian delegation 23/10/2002 23:02:39 Philippine and Russian presidents to discuss security 23/10/2002 23:02:40 Chinese activist detained again for holding meeting 23/10/2002 23:02:41 Australian former MP accused of deception over refugee claims 23/10/2002 23:02:36 Police complete sketches of Bali bombing suspects

Back

Related Stories

9/03/01 11:11:06
Separtist violence claims 16 lives in Kashmir

9/03/01 6:11:19
More clashes in India's Jammu and Kashmir state

9/03/01 8:20:39
Aussie cricketers arrive in Calcutta for second Test

8/03/01 1:11:37
MSF strikes major anti-AIDS accord with generic drug producer

8/03/01 5:31:59
India ready to mass produce guided missile

Related Sites

World News from Radio Australia
News across Asia, the Pacific and beyond.