Govt asks ministries to target 20% reduction in controllable expenditure
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The government has asked all ministries and government departments to target 20% reduction in expenditures like domestic and foreign travel, overtime allowance, rent and office expenses, in the current fiscal year as it tightens its purse strings amid the second wave of the pandemic. The Department of Expenditure under the Finance Ministry issued an office memorandum in this regard on June 10.