Brakes have been applied on public sector capital investment in Maharashtra. This has now prompted the state’s finance department to announce deep cutbacks in expenditure and impose restrictions on areas of spending. The state’s finance department waited till the day of the GST roll out to unveil its austerity drive. The public works department has been ordered not to undertake new road or building development works till the ongoing works had been completed. Departments have been asked not to issue tenders for construction work without the requisite approvals and confirmation of fund availability.

Source: Indian Express July 01, 2017 21:22 UTC