CORPORATE PRESS RELEASES (INDIA) referral newsdesk, February 12,2014 SOURCE ::  http://profit.ndtv.com/news/budget/article-cut-subsidies-to-boost-growth-us-treasury-secretarys-message-to-jaitley-738966?utm_source=ndtv&utm_medium=top-stories-widget&utm_campaign=story-3-http%3a%2f%2fprofit.ndtv.com%2fnews%2fbudget%2farticle-cut-subsidies-to-boost-growth-us-treasury-secretarys-message-to-jaitley-738966 Ahead of the upcoming Union Budget, US Treasury Secretary Jack Lew made a pitch for cutting subsidies, which account for just 2 per cent of India's GDP. The suggestion comes at a time when the Modi government is struggling to raise resources needed to boost spending to jumpstart economic growth. "Cutting back on subsidies and freeing up resources to invest in the ...