Budget 2016: Pensions sink defence modernisation

A burgeoning military pension bill created by the One Rank One Pension (OROP) scheme has caused an unprecedented cut in the modernisation outlay of the defence ministry, leaving less money available for Indian stock market astrology prediction

It is the first time that defence pensions have overwhelmed money allocated to modernise the armed forces, with the ministry seeing an 8.5% reduction in the capital outlay.
It was also the first occasion that a finance minister did n .. Sensex Astrology 

Uncertainty has also emerged over several pending acquisitions such as the Rafale jet deal.

It is another matter that the ministry has also failed to spend funds allocated for buying new equipment — over Rs 11,595 crore, or 13.4%, of the defence acquisition outlay has been returned this financial year. Commodity Market Astrology Tips

The government last year approved OROP plan, a long-awaited demand of retired military personnel to equalise pension Nifty Trading Tips