FM seeks Parliament nod for extra spending of Rs2.35 lakh cr

Tribune News Service
New Delhi, September 14

Finance Minister Nirmala Sitharaman on Monday sought Parliamentary approval for extra spending of Rs 2.35 lakh crore as a result of influence of the Covid pandemic resulting in large outgoes to shore up the well being infrastructure, meet funds arising from the PM’s Rs 20 lakh-crore package deal and account for the additional expenditure on social safety funds.

Of this, proposals involving internet money outgo combination to Rs 1.67 lakh crore and gross further expenditure, matched by financial savings or by increased recoveries is Rs 68,868.33 crore.

Major non-Covid bills embody Rs 6,000 crore for the Price Stabilisation Fund, Rs 44,340 crore for post-devolution grant to states, about Rs 1,000 crore for border roads and Rs 20,000 crore for the recapitalisation of public sector banks by means of difficulty of Government Securities. In the social sector, the pandemic necessitated Rs 40,000 crore extra for MGNREGP and Rs 33,771.48 crore as profit switch below PM Jan Dhan Yojana and National Social Assistance Programme. Total further expenditure on well being infrastructure required a further Rs 14,231.96 crore.

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