Lok Sabha passes Supplementary Demand for Grants 2016-17

The Lok Sabha on Monday passed by voice vote the third batch of Supplementary Demand for Grants for 2016-17.

The House also passed the relevant appropriation bills for drawing the specified sums out of the Consolidated Fund of India.

Finance Minister Arun Jaitley had on Friday tabled the third batch of Supplementary Demand for Grants for 2016-17, seeking approval of additional expenditure of Rs 11.35 lakh-crore, including net cash outgo of Rs 14,786.85 crore towards various heads.

The main heads involving cash outgo include Rs 3,292.94 crore for payment of pension arrears arising out of the Seventh Pay Commission, as well as dearness relief and arrears arising out of the One Rank-One Pension scheme.

The other expenditures involving cash outgo include Rs 3,500 crore for the Price Operation Cell under the Price Stabilisation Fund scheme, Rs 1,504.32 crore to the corpus for Credit Guarantee Trust Fund for micro and small enterprises, and Rs 900 crore for providing grants for the creation of capital assets under the Pradhan Mantri Awas Yojana.

The government has allocated Rs 215 crore under the Pay Commission award and other committed liability for Income Tax Department officers and staff, Rs 230 crore for excise officers and Rs 50 crore for Customs officers and staff.

On the technical supplementary side, the government plans to spend Rs 10.11 lakh crore towards repayment of cash management bills under the market stabilisation scheme, which will not entail any additional cash outgo, as the repayments will be matched by receipts.

--IANS

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