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