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6 June 2020

Modi government’s big decision due to Corona crisis

Modi government’s big decision due to Corona crisis


The Corona crisis and the lockdown have affected the country’s economy. As a result, revenue has been lost and government spending has also increased. This situation is beginning to affect the government’s new plans. Therefore, the central government has banned the launch of new schemes. Ministry of Finance by various Ministries and Departments 9 months or March 2021.
The finance ministry, which is reeling from the economic crisis in the Corona war, has banned the launch of any new plans for the financial year 2020-21. These restrictions are on plans that are in the approved or evaluation range. This order will also apply to the schemes.
However, there will be no ban on self-reliant India and the Prime Minister’s poor welfare schemes. The order issued by the government clearly states that the various ministries should not initiate new schemes. Pradhan Mantri should focus on public schemes under Garib Kalyan Yojana or Atmanirbhar Bharat Abhiyan.

An order issued by the finance ministry’s expenditure department on June 4 said there was an unprecedented demand for public financial resources in view of the Corona epidemic.
The order states that the financial, including the Standing Finance Committee proposals The start of new schemes already approved or approved in the year 2020-21 is suspended for one year.
The finance ministry has taken this important decision due to the Koro crisis as the government is running low on revenue. According to a report available with the Comptroller and Auditor General, revenue was Rs 27,548 crore during April 2020, which was 1.2 per cent of the budget estimate. While the government spent Rs 3.07 lakh crore which was 10 per cent of the budget estimate

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