New Delhi, April 8 -- In view of the stressed cash position arising out of Covid-19 and the consequential lock down, the government has decided to modify its cash management system restricting expenditure of ministries between 15 -20 per cent of the budgeted level in the April-June quarter of the current financial year.
As per an office memorandum issued by the Department of Economic Affairs (DEA) on Wednesday, it has been decided to regulate expenditure of the government and fix quarterly and monthly expenditure plan for certain demands and appropriation raised by ministries, this would keep a tab on expenditure and ensure that spending is done only most essential items in the first quarter.
Also demand of certain other ministries has be...