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Govt seeks House nod for extra expenditure of Rs 1.98 lakh crore

Govt seeks House nod for extra expenditure of Rs 1.98 lakh crore

New Delhi: The government on Tuesday sought Parliament's approval for gross additional expenditure of Rs 1.98 lakh crore for the current fiscal ending March 2019 as the third batch of supplementary demands for grants.

According to the document tabled in the Lok Sabha by Finance Minister Piyush Goyal, the net cash outgo will be Rs 51,433 crore and the remaining amount would be matched by savings of different ministries and enhanced recoveries.

Of the total net cash outgo, the document has pegged Rs 19,481 crore for the Ministry of Agriculture and Rs 4,840.75 crore for the Ministry of Road Transport and Highways.

The government is also seeking over Rs 4,700 crore for the Ministry of Home Affairs.

There would be a cash outgo of Rs 1,818.71 crore for providing loans to Nuclear Power Corporation of India Limited and about Rs 2,864 crore to the Department of Food and Public Distribution, including Rs 1,000 crore equity infusion in Food Corporation of India.

PTI

PTI

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