The country's economy has been badly affected by the corona crisis and the lockdown. This has led to a loss of revenue

New Delhi: The country's economy has been badly affected by the corona crisis and the lockdown. This has led to a loss of revenue and increased government spending. This situation has begun to affect the government's new plans.

In fact, the central government has blocked the launch of new schemes. The Finance Ministry has postponed the launch of new schemes approved by various Ministries and Departments for the next 9 months or till March 2021.

Narendra ModiThe finance ministry, which is facing an economic crisis in the Corona war, has blocked the launch of any new plans for fiscal 2020-21. These restrictions are on schemes that are in the approved or status category. This order will also apply to schemes which have been approved in principle by the Expenditure Department of the Ministry of Finance.

However, there will be no ban on the poor welfare schemes of self-reliant India and the Prime Minister. The order issued by the government clearly states that the various ministries should not start new schemes. The Prime Minister should focus on the schemes announced under the Garib Kalyan Yojana or Atma Nirbhar Bharat Abhiyan.

Narendra ModiIn an order issued on June 4, the Finance Ministry's Expenditure Department said that in view of the Corona epidemic, there is an unprecedented demand for public financial resources.

The order said that the introduction of new schemes already approved or approved in the financial year 2020-21, including the proposals of the Standing Finance Committee, would be suspended for one year.

The Finance Ministry has taken this important decision due to the Corona crisis, as the government is getting less revenue. The report available with the Comptroller and Auditor General shows that the revenue during April 2020 was Rs 27,548 crore, which was 1.2% of the budget estimate. The government spent Rs 3.07 lakh crore, which was 10 per cent of the budget estimate.

Narendra Modi The government is also borrowing more due to the financial crisis. Recently, the government announced that it would increase its market borrowing estimate from the current Rs 4.2 lakh crore to Rs 12 lakh crore for the current financial year.

The Finance Ministry had said that the estimated debt in the financial year 2020-21 would be Rs 12 lakh crore instead of Rs 7.80 lakh crore. Figures provided by the regulator of accounts show that the estimated fiscal deficit in the first month of the financial year was more than one-third.