Govt announces austerity measures; to cut non-plan expenditure by 10%: FinMin
Quotes

Govt announces austerity measures; to cut non-plan expenditure by 10%: FinMin

Last Updated: Wednesday, September 18, 2013, 19:44
 
 Comment 0
 
Govt announces austerity measures; to cut non-plan expenditure by 10%: FinMin
Zee Media Bureau/Rd. Alexander/Faizan Nizami

New Delhi: The Finance Ministry on Wednesday announced small-bore austerity measures, which included a cut in non-plan expenditure by 10 percent, to boost the economy without hampering the operational efficiency of the government.

The austerity measures include ban on government seminars in 5-Star hotels, apurchase of new vehicles, informed a Finance Ministry statement.

Also, government officials, barring top bureaucrats, have been asked to fly only in economy class for domestic tours.

The measures also include a complete ban on new appointments in government departments.

The 10 percent cut in non-plan expenditure will exclude interest payment, repayment of debt, defense budget, salaries and the pension bill, the statement said.




First Published: Wednesday, September 18, 2013, 19:30


Comments


comments powered by Disqus
G20 Summit 2014
G20 Summit 2014
2014`s Top People in Business: Fortune
2014`s Top People in Business: Fortune
World Bank`s Top 10 Places for Business
World Bank`s Top 10 Places for Business
India`s top ten billionaires
India`s top ten billionaires
Top 10 billionaire cities- In Pics
Top 10 billionaire cities- In Pics

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved