View: The age old dictum ‘Butter vs Guns’ takes front seat in Union Budget 2021

On February 28, 1963, Morarji Desai as the FM, presented the Union Budget which had a Rs 708.5 crore allocation for defence; a whopping 38% share out of a total budget of Rs 1852 crore. This was after the Sino-India war in 1962. The realisation of the importance of defence, in economic progress of the country dawned a bit late in this case. For a nation which has been virtually at war, both overt and covert, the importance of military capability generation still is a discussion point in every Union…

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