Government on Wednesday got Parliament’s approval for Rs 18,594.27 crore additional spending in the current fiscal to meet expenditure, mainly towards petroleum and fertiliser subsidies.
Parliament also gave its nod to government’s proposal to spend over Rs 70,759 crore for carrying out works like railway electrification, establishment of workshop to manufacture bogies and several over-bridges in this financial year.
The Second Batch of Supplementary Demands for Grants, 2013-14, moved by Finance Minister P Chidambaram, was passed in Rajya Sabha without debate. Lok Sabha had passed it on December 12.
“Of this, the proposals involving net cash outgo aggregate to Rs 13,126.93 crore and gross additional expenditure, matched by savings of the Ministries/Departments or by enhanced receipts/recoveries aggregates to Rs 5,466.25 crore,” said the Second Batch of Supplementary Demands for Grants.
The Ministry of Petroleum and Natural Gas will get Rs 10,336 crore for releasing payments to oil marketing companies and meeting establishment related expenditure of the Petroleum Regulatory Board.
OMCs will get Rs 9,000 crore for sale of petroleum products and Rs 1,336 crore for direct transfer of cash subsidy of LPG consumer schemes.
The document further revealed that Rs 500 crore has been sought for Development Bank of India to set up a credit guarantee fund in consonance with Factoring Act, 2011.
As much as Rs 2,000 crore will be provided towards fertiliser subsidy as an additional amount.