14-May-2026
Economy News
 
Govt: Capex, developmental spending, subsidies to go on as planned
14-May-2026

Govt Wednesday said it is going ahead with planned capital expenditure, developmental spend and subsidy payments, and no budget cuts were planned. Days after PM Narendra Modi's calls for reducing non-essential spends such as overseas weddings, fuel consumption and fertiliser use, officials argued there was no plan for "austerity", which usually suggests budget cuts, reduced govt spending, lower subsidies and fiscal tightening.

News Source:- https://timesofindia.indiatimes.com/business/india-business/govt-capex-developmental-spending-subsidies-to-go-on-as-planned/articleshow/131080234.cms
 
 
 

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