Moneycontrol
Sep 19, 2013 12:31 PM IST | Source: CNBC-TV18

Finmin bans joyrides, issues strict austerity measures

The small-bore austerity measures across government departments include restriction on foreign travel by government officials, creation of new government jobs and 10 percent mandatory cut in non-plan expenditure.


The Finance Ministry has banned creating of new government jobs in the current fiscal and buying of new government vehicles along side affecting a 10 percent mandatory cut in non-plan expenditure in a move to contain non-developmental expenditure and release additional resources for priority schemes.


The small-bore austerity measures across government departments also include restriction on foreign travel by government officials, curb on government seminars and conferences, ban on holding meetings in 5-star hotels and making economy class travel mandatory for government officials.

Do not fill up posts lying vacant for more than a year, the finmin ordered.

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