Tokyo: After announcing a slew of reform measures to revive growth, India's Finance Minister P Chidambaram has indicated that the Budget for 2013-14 would focus on cutting wasteful expenses and promoting investments. "We must have a budget that emphasizes fiscal consolidation and incentivizes savings, promotes investment and cuts out wasteful expenditure," he told a TV channel in Tokyo yesterday. However, he added the government's key social welfare programmes will be fully protected. Chidambaram and Reserve Bank of India Governor D Subbarao are here for the IMF-World Bank meeting.
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