Govt seeks LS nod for grants
Tribune News Service
New Delhi, December 7
The Central Government has sought the approval of the Lok Sabha for gross additional expenditure of Rs 59,978.29 crore as part of the second batch of Supplementary Demands for Grants for the fiscal 2016-17.
In a statement on the supplementary Demands for Grants in the House, Finance Minister Arun Jaitley said of the total of Rs 59,978.29 crore, the net cash outgo would aggregate to Rs 35,171.92 crore.
The rest would be matched by savings of the ministries and departments or by enhanced receipts or recoveries aggregating to Rs 24,805.34 crore.
As per the statement, Rs 3,096.28 crore has been sought for transfer of Krishi Kalyan Cess to Krishi Kalyan Kosh and meeting additional requirement towards general component, special component of Scheduled Caste and Tribal Sub-Plan under Pradhan Mantri Fasal Bima Yojana of the Ministry of Agriculture and Farmers Welfare. The Lok Sabha's approval has also been sought for Rs 4,000 crore expenditure to providing additional fund to MGNREGS.
The Demands for Grants also include Rs 861.65 crore for equity investment in Air India and carrying out accounting adjustments for conversion of loan outstanding against Pawan Hans Helicopters Limited into equity.
The Finance Minister also sought approval of the House for Rs 1,000 crore for meeting additional expenditure of Coast Guard Organisation towards acquisition of ships, aricraft and fleet, and land acquisition.
The Demand for Grants also include Rs 2,500 crore for Ministry of Drinking Water and Sanitation and Rs 210 crore for implementation of GST and project Saksham.
