ALSO READGovernment seeks parliament nod for $13 bln net extra spending India to borrow more than budgeted, may breach fiscal deficit target Rising food prices push India's December retail to 17-month high India lowers economic growth forecast ahead of budget India's growth pace for October-December quarter could top China's rate
By Manoj Kumar
NEW DELHI (Reuters) - The Indian government on Thursday sought parliament's approval to spend a net additional 853 billion rupees ($13.14 billion) in new spending in the current fiscal year to end-March 2018, a finance ministry statement said.
The spending would include 627 billion rupees compensation to the state governments and union territories following the launch of Goods and Services Tax in July last year, and 92.6 billion rupees for pension payments to the armed forces.
Asia's third largest economy grew 7.2 percent in the December quarter, its fastest pace in five quarters, beating China's 6.8 percent growth in that quarter.
($1 = 64.9200 Indian rupees)
(Reporting by Nigam Prusty and Manoj Kumar; Editing by Malini Menon and Himani Sarkar)
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