Tag «Budget»

Govt committed to reduce imports in defense sector

reduce imports in defense sector

The government is committed to reduce imports and promote self-reliance in the defence sector, Finance Minister┬áNirmala Sitharaman┬ásaid on Tuesday. She said that 68 per cent of capital for the defence sector would be earmarked for the local industry. Sitharaman also said that 5 per cent of Universal Service Obligation (USO) Fund would be provided for …