Millennium Post

PM names Jalan spending control committee head

Prime Minister Narendra Modi on Wednesday set up Expenditure Management Commission, headed by former RBI Governor Bimal Jalan, that will suggest ways to reduce food, fertiliser and oil subsidies and narrow the fiscal deficit.

The commission is expected to submit its interim report before Budget 2015-16 and the final report before Budget 2016-17, an official statement said.

Former finance secretary Sumit Bose and former RBI deputy governor Subir Gokarn are members of the commission.

Additional Secretary, Department of Expenditure, Ministry of Finance, will be an ex-officio member and a senior officer with finance/expenditure experience will be member-secretary, it said.
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