NEW DELHI (Reuters) - The Indian government on Tuesday sought parliament approval for a gross 116.98 billion rupees ($1.7 billion) in extra spending, which includes capital infusion in national carrier Air India, in the current fiscal year.
In a statement tabled in the lower house of parliament, the government said net extra spending will only be 59.51 billion rupees ($867.37 million), as the remainder would be funded from savings.
The extra spending is on top of the budgeted 24.42 trillion rupees ($355.87 billion) spending announced for the 2018/19 fiscal year in February, compared with 21.43 trillion rupees spending in the previous fiscal year.
($1 = 68.6100 Indian rupees)
(Reporting by Nigam Prusty; Writing by Manoj Kumar; Editing by Malini Menon)
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