Jaitley seeks Parliament's nod for additional ₹1.03 lakh cr

india | 01 August 2016 3:36 AM (UTC)
aparajita das
Highlights
  • Among other things the govt need additional funds for social security services such as MNGREGA
  • A sum of ₹ 2,000 crores would be allocated to states affected by natural calamities like a hailstorm and unseasonal rain under National Disaster Response Fund (NDRF).

Finance Minister Arun Jaitley today sought Parliament's nod for additional spending of ₹1.03 lakh crore, though the cash outgo will be only ₹ 20,948 crores.

 

Through the Supplementary Demands for Grants for 2016-17 he presented in Lok Sabha, Jaitley sought Parliament's approval for the transfer of ₹ 5,000 crores towards National Employment Guarantee Fund and ₹ 1,000 crores for providing funds to Indian Strategic Petroleum Reserves for Sovereign Strategic Crude Oil Reserve at Vizag, Mangalore and Pudur.

 

The government has also sought ₹ 5,000 crores towards Mahatma Gandhi National Rural Employment Guarantee Scheme (MNGREGA).

 

The Demands for Grants includes 51 Grants and one appropriation.

"Approval of Parliament is sought to authorise gross additional expenditure of ₹ 1,03,013.74 crore. Of this, the proposals involving net cash outgo aggregate to ₹ 20,948.26 crore and gross additional expenditure, matched by savings...aggregates to ₹ 82,064.8 crores," the document tabled in Lok Sabha said.

 

The government has sought approval for transferring ₹1,000 crore to Universal Service Obligation Fund (USOF) and providing ₹ 1,000 crores as compensation from USOF to telecom service providers for various telecom services in the rural and remote areas.

 

Jaitley also sought approval for an additional assistance of ₹ 2,000 crore to states affected by natural calamities like a hailstorm and unseasonal rain under National Disaster Response Fund (NDRF).

 

The first batch of Demands for Grants also include ₹40,000 crore as Ways and Means Advance to Food Corporation of India to meet the working capital requirements towards procurement of food grains for targeted Public Distribution System.

 

The government is also seeking Parliament's approval for providing ₹ 31,957 crores to Ministry of Raod Transport and Highways under various heads.

 

The Supplementary Demands for Grants also include ₹2,801 crore for providing additional grants through Direct Benefits Transfer under post-matric scholarship for SCs and Dr Ambedkar Post Matric Scholarship Scheme for Economically Backward Class.

Comments 0
Add Comment