Indian two thousand and five hundred rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Supplementary Demand For Grants: Government Seeks Nod For Rs 6,000 Crore Net Cash Outgo

The government today sought Parliament's approval for additional gross additional expenditure of Rs 11,697.92 crore in the current financial year.

As per the first batch of Supplementary Demands for Grants tabled in the Lok Sabha, the net cash outgo totals Rs 5,951,22 crore and gross additional expenditure aggregates to Rs 5,745.68 crore. 

The government is seeking Parliament's nod to spend Rs 1,791.62 crore for the Agriculture Ministry, Rs 1,500 crore of the Textiles Ministry and Rs 1,057.84 crore for the Defence Ministry.

The government is also seeking Rs 1,708 crore for the Petroleum Ministry. The money would be given towards grants for the creation of capital assets under various schemes.

As per the document tabled in Parliament, the government has sought approval to spend Rs 463.31 crore for the Food and Public Distribution Ministry. Among others, the amount would be used for the creation of a buffer stock of sugar.

Aiding Air India

Under the head 'technical supplementary demands for grants', the government has sought Rs 980 crore for infusion of equity in Air India under the "turnaround plan".