NEW DELHI:
The Government has decided to establish a new chair in defence economics in the Institute of Defence Studies and Analysis (IDSA), Defence Minister A.K. Antony said at the inaugural session of the Ninth Asian Security Conference here on Friday
"The formalities have been completed and Rs.50 lakh have been earmarked as the initial corpus for the chair. This should help in creating a nucleus in defence economics, an area neglected till now. The nation should get maximum value for the money spent on its defence services. This goal can be achieved by analysing the present utilisation of defence budgets, by exploring more cost-effective ways of doing this; learning from success stories of other countries; and most impo... ," Mr. Antony said.
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