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.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
