<h1>Government to Form Expenditure Management Commission to Reform Spending Practices and Revamp Subsidies for Greater Efficiency.</h1> The government plans to establish an Expenditure Management Commission (EMC) to assess and reform expenditure practices. Announced by the Union Finance Minister during the budget speech, the EMC aims to enhance efficiency and align with the principle of 'Minimum Government Maximum Governance.' The commission will deliver an interim report within the current financial year. Additionally, the Finance Minister intends to revamp the subsidy system, including food and petroleum subsidies, to ensure targeted support while safeguarding marginalized communities. A new policy for urea is also on the agenda.