(NEW DELHI) India's government proposes to save as much as 60 billion rupees (S$1.9 billion) by cutting spending on administrative expenses and foreign travel by ministers and top bureaucrats as part of a cost-saving exercise. All ministries are advised to cut spending by 5 to 10 per cent, Sushma Nath, expenditure secretary in the ministry of finance, said on Wednesday. The government will meet the year's Budget deficit target, she said.
Saturday, June 7, 2008
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