The Hindu Business Line : Supplementary demands for grants introduced

THE second and final batch of supplementary demands for grants for the current fiscal involving a net cash outgo amounting to Rs 8,072.74 crore was introduced in the Lok Sabha on Tuesday by the Minister of State for Finance, Mr S.S. Palanimanickam.

Out of 69 grants and four appropriations involving authorisation of additional expenditure of the order of Rs 1,69,269.77 crore, the proposals involving net cash outgo aggregate to Rs 8,072.74 crore, while gross additional expenditure matched by savings of the Ministries/Departments or by enhanced receipts/recoveries aggregate to Rs 1,61,196.40 crore. While demands under plan component amount to Rs 520.74 crore, the demands for non-plan head amount to Rs 7,552 crore in the net cash outgo.

Of the Rs 8,072.74 crore net cash outgo, the lion's share of Rs 1,937.76 crore under non-plan expenditure is for providing compensation to Bharat Sanchar Nigam Ltd (BSNL) for rural telephony (Rs 1,994.85 crore). This is followed by demand for Rs 1,970.73 crore by the Department of Fertilisers for subsidy to fertiliser industries and another Rs 996.36 crore for payment of subsidy on indigenous decontrolled fertilisers and imported fertilisers.

There is also a demand for Rs 168.92 crore for meeting additional expenditure arising due to merger of dearness allowance with basic pay, while another demand by the Ministry of External Affairs relates to Rs 168.92 crore for meeting additional expenditure on technical and economic cooperation with other countries.

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