business

Experts give their thumbs down to govt's austerity steps

According to Pronab Sen, the reduction of Rs 50,000 crore from the budget cannot happen unless there is a cut in subsidy expenditure which is unlikely as government will have to pay the oil companies or Food Bill or the fertilizer subsidies or else these bunch of companies will bleed and that will be extremely negative for the economy.

first published: Sep 18, 2013 10:08 pm