News Karnataka
Saturday, April 27 2024
Economy

Centre seeks Parliament’s nod for addl Rs 1.07 lakh cr in FY22

Centre-seeks-Parliament
Photo Credit : IANS

New Delhi: The Centre on Monday sought Parliament’s nod to spend an additional Rs 1.07 lakh crore during the current fiscal FY22.

The third batch of supplementary demands for grants, tabled in the Parliament by the Centre, includes 77 grants and 1 appropriation.

“Approval of the Parliament is sought to authorise the gross additional expenditure of Rs 1,58,356.10 crore,” the introductory note to the ‘Third Batch of Supplementary Demands for Grants, 2021-2022’ said.

“Of this, the proposals involving net cash outgo aggregate to Rs 1,07,408.15 crore and gross additional expenditure, matched by savings of the Ministries or Departments or by enhanced receipts or recoveries aggregates to Rs 50,946.52 crore.”

Besides, a token provision of Rs 143 lakh has been been sought, “one lakh for each item of expenditure, for enabling re-appropriation of savings in cases involving ‘New Service or New Instrument of Service’.”

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