Fiscal squeeze: State curbs spending amid rRs.r81,500-cr relief burden
India, Oct. 22 -- Amid mounting pressure on the state exchequer, the Maharashtra government has tightened the rules governing supplementary budgetary demands ahead of the winter session of the state legislature, restricting additional spending to urgent and essential requirements.
The state finance department, in a circular issued on Wednesday, cited the state's limited resources and called for stricter expenditure controls. "Considering the state's limited resources, it is necessary to ensure proper planning of expenditure against budgetary allocations and to exercise control over expenditure provided for in the budget," the circular states.
The move assumes significance as the state government's preliminary estimates suggest that its ...
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