Centre seeks Parliaments nod for additional spending of Rs.49,000 cr

Written by Press Trust of India | New Delhi | Updated: Mar 9 2013, 07:08am hrs
The government on Friday sought Parliament's approval to spend an aditional R49,715.54 crore mainly to meet the outgo on fuel, fertiliser and food subsidies in the current financial year.

The net cash outgo will be only R40,967.27 crore, as per the Supplementary Demands for Grants tabled in Lok Sabha by finance minister P Chidambaram.

The second and final batch of Supplementary Demands for Grants for 2012-13 includes 65 grants and one appropriation.

"Approval of the Parliament is sought to authorise gross additional expenditure of R49,715.54 crore. Of this, the proposals involving net cash outgo aggregate to R40,967.27 crore and gross additional expenditure, matched by savings of the ministries/departments or by enhanced receipts/recoveries aggregate to R8,747.29 crore," the document said.

Of the total amount, R 9,914.06 crore and R4,753.99 crore have been sought for food and fertiliser subsidies respectively. Parliament's nod was also sought for spending R24,773.75 crore for providing compensation towards estimated under recoveries to oil marketing companies on account of sale of petroleum products and subsidy to them for supply of natural gas to north eastern region has also been sought.

Besides, a token provision of R98 lakh was sought - Rone lakh for each item of expenditure - for enabling re-appropriation of savings in cases involving new services or new instruments of service. The Supplementary Demands for Grants for 2012-13 was also tabled in Rajya Sabha.