PM Modi may order cut in spending again
India`s bloated public sector is a legacy of its Soviet-style planned economy but, despite Modi`s pro-business platform, it avoids even using the word "privatisation".
Nov 06, 2014, 23:50 PM ISTAusterity drive, spending cuts risk fickle growth: Nomura
"On our estimates this would amount to a saving of Rs 35,000 to Rs 40,000 crore or 0.3 per cent of the GDP," it said in a note issued here on Thursday.
Oct 30, 2014, 20:20 PM IST