India Curbs Year-End Spending by Ministries Amid Fiscal Worries
Indian five hundred rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

India Curbs Year-End Spending by Ministries Amid Fiscal Worries

(Bloomberg) -- India’s government has reduced the spending limits available to ministries and departments, as lower-than-expected revenue collections put pressure on fiscal deficit goals.
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