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Mar 08, 2013
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Centre seeks Parliament’s nod for additional spending of Rs.49,000 cr
The government on Friday sought Parliament's approval to spend an aditional R49,715.54 crore mainly to meet the outgo on fuel, fertiliser and food subsidies in the current financial year.The net cash outgo will be only R40,967.27 crore, as per the Supplementary Demands for Grants tabled in Lok Sabha by finance minister P Chidambaram.The second and final batch of Supplementary Demands for Grants for 2012-13 includes 65 grants and one appropriation."Approval of the Parliament is sought to authorise gross additional expenditure of R49,715.54 crore. Of this, the proposals involving net cash outgo aggregate to R40,967.27 crore and gross additional expenditure, matched by savings of the ministries/departments or by enhanced receipts/recoveries aggregate to R8,747.29 crore," the document said.Of the total amount, R 9,914.06 crore and R4,753.99 crore have been sought for food and fertiliser subsidies respectively.
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http://www.financialexpress.com
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