Govt seeks nod for Rs 25.5k cr extra spend
The government on Friday sought Parliament's approval for extra spending worth Rs 25,495 crore out of which Rs 12,000 crore would be for recapitalization of state-run banks Stock Market Trading tips
Presenting the first batch of supplementary demand for grants for 2015-16, finance minister Arun Jaitley sought parliamentary approval to authorise gross additional expenditure of Rs 40,821.7 crore. Of this, the proposals involving net cash outgo aggregate to Rs 25,495 crore and gross additional expenditure, matched by savings of the ministries and departments or by enhanced receipts and recoveries account for Rs 15,325.6 crore. There are typically three supplementaries that are placed in Parliament to seek approval for additional spending but this does not impact the fiscal deficit. The government has vowed to keep the deficit under control and is determined to keep it within the target of 3.9% of GDP.
The government has approved the additional provision of Rs 25,495 crore to meet various urgent needs and priorities such as capitalisation of banks, provision for MUDRA Bank, the Swachh Bharat Mission, drinking water, Integrated Child Development Service (ICDS), panchayats, Pradhan Mantri Gram Sadak yojana, metro rails and Air India Advance Astrology Prediction Book 2015
The government will also provide an extra Rs 3,600 crore for ICDS, Rs 400 crore for the Rajiv Gandhi Scheme for empowerment of Adolescent girls (SABLA) and Rs 300 crore for support to panchayats.
The civil aviation sector is set to receive an extra Rs 820 crore which includes an equity infusion of Rs 800 crore into Air India and Culture and Tourism will get an additional Rs. 50 crore. The Ministry of Home Affairs is expected to receive an additional Rs 200 crore. This includes clearing pending claims of Air India for maintenance of PM's aircraft and for procurement of six MI 17 V-5 helicopters Personal Numerology Report
Presenting the first batch of supplementary demand for grants for 2015-16, finance minister Arun Jaitley sought parliamentary approval to authorise gross additional expenditure of Rs 40,821.7 crore. Of this, the proposals involving net cash outgo aggregate to Rs 25,495 crore and gross additional expenditure, matched by savings of the ministries and departments or by enhanced receipts and recoveries account for Rs 15,325.6 crore. There are typically three supplementaries that are placed in Parliament to seek approval for additional spending but this does not impact the fiscal deficit. The government has vowed to keep the deficit under control and is determined to keep it within the target of 3.9% of GDP.
The government has approved the additional provision of Rs 25,495 crore to meet various urgent needs and priorities such as capitalisation of banks, provision for MUDRA Bank, the Swachh Bharat Mission, drinking water, Integrated Child Development Service (ICDS), panchayats, Pradhan Mantri Gram Sadak yojana, metro rails and Air India Advance Astrology Prediction Book 2015
In order to step up support to the social sector and rural development, the government has raised the amount to Rs 7,985 crore, which includes additional Rs 1500 crore for the Swachh Bharat Mission, Rs 1,000 crore for Pradhan Mantri Gram Sadak Yojana, Rs 1,000 crore for drinking water.
The government will also provide an extra Rs 3,600 crore for ICDS, Rs 400 crore for the Rajiv Gandhi Scheme for empowerment of Adolescent girls (SABLA) and Rs 300 crore for support to panchayats.
The civil aviation sector is set to receive an extra Rs 820 crore which includes an equity infusion of Rs 800 crore into Air India and Culture and Tourism will get an additional Rs. 50 crore. The Ministry of Home Affairs is expected to receive an additional Rs 200 crore. This includes clearing pending claims of Air India for maintenance of PM's aircraft and for procurement of six MI 17 V-5 helicopters Personal Numerology Report
posted by Naresh Jain @ 23:20
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