Cost Cutting: No More New Posts In Central Ministries, Departments

New Delhi: Moving ahead with its cost-cutting measures amid a slowing economy and falling revenues, the Department of Expenditure has banned creation of new posts in all Central ministries, departments and statutory bodies. In an office memorandum on Friday, the department, which comes under the Ministry of Finance, said that the ban will cover all […]

FM

New Delhi: Moving ahead with its cost-cutting measures amid a slowing economy and falling revenues, the Department of Expenditure has banned creation of new posts in all Central ministries, departments and statutory bodies.

In an office memorandum on Friday, the department, which comes under the Ministry of Finance, said that the ban will cover all creation of posts under powers delegated to any organisation, regardless of the source of such authority or power.