NewsX: Government announces austerity measures to cut non-plan expenditure by 10%
- 5 years ago
At a time when government revenue growth has slowed downIndia's finance ministry orders small-bore austerity measures including a ban on holding meetings at five star hotels and creation of new posts in federal departments
Measures aimed at promoting fiscal discipline
The austerity measures will include a 10% cut in non-plan expenditure
It was not immediately clear how much the government would save through such measures, although the savings are not expected to be significant.
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Measures aimed at promoting fiscal discipline
The austerity measures will include a 10% cut in non-plan expenditure
It was not immediately clear how much the government would save through such measures, although the savings are not expected to be significant.
For More information on this news visit : http://www.newsx.com/
Connect with us on Social platform at : http://www.facebook.com/newsxonline
Subscribe to our YouTube Channel : http://www.youtube.com/newsxlive