Cash News
State misses CMS target, expenditure at 55% in April-December
The state government has yet again missed its overall expenditure target as mandated by the Cash Management System (CMS) in the April-December period of 2011-12.
The CMS which was introduced in 2010-11 to lift expenditure levels and avoid rush of expenditure towards the fag end of any financial year has failed to deliver the desired result. While CMS envisages at least 60 per cent expenditure in the
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