September 18, 2013

The Departments og Governemnt of India have been banned from holding meetings in 5-star hotels and officials barred from executive class air travel as part of a slew of austerity measures announced Wednesday to cut non-plan expenditure by 10 percent. Aiming to restrict the fiscal deficit to 4.8 percent of GDP in 2013-14, the Finance Ministry has ordered all ministries and departments not to buy new vehicles,