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3% GDP allocation for defence declined by Finance Ministry

By
Dhrumit Thakkar
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499
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(G.N.S) Dt. 16 New Delhi ‘Rationalisation of expenditure is prime objective of govt.’ FinMin Arun Jaitley has declined a recommendation from the Parliamentary Standing Committee on Defence to have a fixed allocation of 3% of GDP for the Defence Ministry, a report of the Committee has stated. “The recommendation of

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