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StaffCorner

19 Sep, 2013 02:16 PM

Austerity drive : No new jobs/posts, vehicles, restriction in in air travel etc.

Austerity drive : No new jobs/posts, vehicles, restriction in in air travel etc. The government have stepped in for an austerity drive for the government departments. Finance Ministry has ordered all ministries and departments not to buy new vehicles, create new jobs or fill posts lying vacant for over one year. The departments 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. The move is aimed in restricting the fiscal deficit to 4.8 percent of GDP in 2013-14. The Finance Ministry said the austerity measures would also apply to autonomous bodies such as the All India Institute of Medical Sciences and All India Radio, adding that no fresh commitments would be made over and above what was provided in the Budget.

However the government kept the LTC entitlements untouched.

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