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Saturday, September 21, 2013

Govt launches austerity measures; no creation of new jobs or filling of posts lying vacant for over one year.

Govt launches austerity measures; no creation of new jobs or filling of posts lying vacant for over one year.


Central government on 18 September 2013 (Wednesday) unveiled austerity measures, putting a freeze on fresh appointments, banning holding of its conferences in 5-star hotels and barring officials from executive class air travel, in a bid to check fiscal deficit from going out of control.

Battling slow economic growth and not too robust tax collections yet, the government came out with a slew of measures that will ensure that Ministries and departments will not buy new vehicles, create new jobs or fill posts lying vacant for over one year.
The Finance Ministry on Wednesday issued a circular containing the steps, which will cut non-Plan expenditure by 10 per cent, a day after Finance Minister P. Chidambaram met Financial Advisors of various Ministries to impress upon them the need for austerity and to contain expenditure within the budget target.

The measures aim at restricting the fiscal deficit to the budgeted figure of 4.8 per cent of the GDP in 2013-14.

The Ministry has directed that the size of delegations going abroad should be kept at “absolute minimum.”

“Such measures are intended at promoting fiscal discipline, without restricting the operational efficiency of the government. In the context of the current fiscal situation, there is a need to continue to rationalise expenditure and optimise available resources,” the Ministry said. Mr. Chidambaram had earlier said that he had drawn a red line and would not allow the fiscal deficit to breach the target of 4.8 per cent of the GDP in 2013—14. The various austerity measures helped the government to contain the fiscal deficit at 4.9 per cent of the GDP in the previous financial year, against the budgeted target of 5.1 per cent.

Referring to jobs in government departments, it said there will be a total ban on new posts and those that have remained vacant for more than a year will not be filled except under very rare and unavoidable circumstances.

Govt launches austerity measures; no creation of new jobs or filling of posts lying vacant for over one year. Reviewed by Currentaffairs4examz on 21.9.13 Rating: 5 Govt launches austerity measures; no creation of new jobs or filling of posts lying vacant for ove...

8 comments :

  1. To kya postal assistant bharti pe fark padega

    ReplyDelete
  2. Frnd big news postal assistant training schedule anounced training from 28 oct to 21 dec 2013 for official visit this link
    http://www.ptcinfo.org/TrainingCalendarQ3.PDF

    ReplyDelete
  3. Training schedule anounced

    ReplyDelete
  4. what about postal assistant ....i wrote paper 2 last month...and i am egarly waiting for result....

    ReplyDelete
    Replies
    1. Result is yet to be announced..we will inform

      Delete
  5. When postal assistant result for Delhi region will come. Pls suggest if you have any idea.

    ReplyDelete
  6. Will postman/Mailguard recruitment be canceled??

    ReplyDelete