Budget 2016: $16 bn Pay Commission bonanza may force Arun Jaitley to cut capital expe
 

New Delhi - A $16 billion (Rs 1.1 lakh crore) pay rise for government employees and costly food and farm programmes could force Finance Minister Arun Jaitley to cut capital spending in its annual budget, officials and eco**mists say. The spending pressure on Jaitley threatens to worsen imbalances in India's $2 trillion eco**my as consumption […]

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