Govt seeks Par nod for Rs 45,000 cr gross additional expense

Image
Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 6:21 AM IST

The government today sought approval from Parliament for gross additional expenditure of Rs 44,945.52 crore during the current fiscal, of which fertilisers subsidy alone would account for Rs 5,000 crore.

The proposal involves net cash outgo of Rs 19,812.37 crore.

The government has sought extra subsidy of Rs 1,000 crore on imported decontrolled fertilisers and Rs 4,000 crore for indigenous decontrolled fertilisers.

The supplementary demands for grants for 2010-11 were presented in Lok Sabha by Finance Minister Pranab Mukherjee amidst din over demand of a joint parliamentary committee probe by opposition in the spectrum allocation issue.

"Proposals involving net cash outgo will not result in any significant variation in deficient projected in budget estimates 2010-11," the paper placed in Parliament said.

The additional expenditure required by Ministry of Consumer Affairs, Food and Public Distribution for payment of food subsidy was in excess of Rs 5,000 crore.

Other big expenditure heads include Ministry of Home Affairs Rs 2,000 crore and Ministry of Rural Development Rs 3,000 crore.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 15 2010 | 12:48 PM IST

Next Story