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Finance Ministry says no new schemes will be announced for a year

Shortpedia

Content Team

The Finance Ministry said today, in a move to tighten spending amid rising coronavirus cases, that no new government schemes will start for a year. Spending will only be allowed in the Prime Minister's Garib Kalyan Package and the announcements made under the Atmanirbhar Bharat package recently. No other scheme would be approved this financial year, said the ministry. The move comes after grim GDP forecasts.