Get all your news in one place.
100’s of premium titles.
One app.
Start reading
The Hindu
The Hindu
National
PTI

Parliament proceedings | FM presents first supplementary demands; seeks additional ₹2.35 lakh crore

Nirmala Sitharaman on Monday sought the Parliament nod for additional spending of ₹2,35,852.87 crore (Source: LokSabha TV)

Finance Minister Nirmala Sitharaman on Monday sought the Parliament nod for additional spending of ₹2,35,852.87 crore, including ₹40,000 crore towards enhanced expenditure under Mahatma Gandhi National Rural Employment Guarantee Program.

“Approval of the Parliament is sought to authorise gross additional expenditure of ₹ 2,35,852.87 crore. Of this, the proposals involving net cash outgo aggregate to ₹1,66,983.91 crore and gross additional expenditure, matched by savings of the Ministries/Departments or by enhanced receipts/recoveries aggregates to ₹68,868.33 crore,” said the first batch of Supplementary Demands for Grants for 2020-21.

The government has also sought ₹46,602.43 crore towards providing additional allocation under Post Devolution Revenue Deficit Grant to the states as per recommendations for Fifteenth Finance Commission.

The first batch of Supplementary Demands for Grants for 2020-21 includes 54 Grants and 1 Appropriations.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.