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  • Sun. Nov 24th, 2024

Federal government caps spending amid money crunch

Federal government caps spending amid money crunch

With the Centre anticipating an extreme cash crunch due to the COVID-19 crisis, many Main government departments have been asked to cut their very first quarter expenditure to 15-20%of the year’s budget price quotes (BE).

Departments thought about important to dealing with the pandemic and the resultant lockdown will not be impacted by these constraints, consisting of Health, Pharma and Ayush, Agriculture, Rural Development and Textiles, Food and Customer Affairs, as well as Civil Air travel and Railways. Interactive map of verified coronavirus cases in India

However, a number of advancement sector Ministries consisting of those dealing with education, tribal welfare, women and kids, social justice and labour have actually been asked to restrict expenditure to 15%of BE.

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