Announcing the setting-up of a war memorial at Princes Park, New Delhi, the Union Finance Minister Shri Arun Jaitley said that it will be supplemented by a war museum. Making this announcement while presenting his first General Budget in Lok Sabha here today, the Minister allocated a sum of ₹ 100 crore for this purpose. Shri Jaitley said that country is deeply indebted to the officers and the jawans of the armed forces for having made huge sacrifices to defend its honour. In doing so, a very large number of them gave up their lives. He said “It is a privilege for the nation to erect a befitting memorial in their memory”.

The Finance Minister Shri Jaitley also announced the construction of a befitting National Police Memorial and proposed to allocate a sum of ₹ 50 crore for this purpose. He said the nation is equally indebted to the officers and the jawans of the police forces, including the central armed police forces, who are constantly engaging with the enemy within and in the process sacrificing their lives in the line of duty.

Public funding for memorials announced in national budget: allocations for a war memorial and a National Police Memorial. The national budget provides dedicated allocations for commemorative infrastructure: a war memorial with an accompanying museum at Princes Park, New Delhi, and a separate National Police Memorial, with funding announced to construct and supplement memorial and museum facilities as expressions of national recognition of the sacrifices of armed forces and police personnel.