Just as the government is making efforts at enhancing revenue collection, there must be  measures to control expenses. Subsidies must be controlled, and an empowered body created to monitor expenditure. Measures aimed at revival in growth and moderation in inflation must be strengthened. This article by Mr Chandrajit Banerjee, Director General (CII) was published in the Guest Column of The Economic Times on Friday, 23 March, 2012.