Lok Sabha passes Rs 11,698 cr extra expenditure

August 8, 2018

New Delhi: Parliament on Tuesday approved the additional gross additional expenditure of Rs 11,697.92 crore for the current fiscal, including Rs 980 crore for equity infusion into the heavily indebted Air India with Finance Minister Piyush Goyal telling the Lok Sabha that the supplementary demands for grants was the lowest in 15 years.

The Lok Sabha passed the Supplementary Demands for Grants for 2018-19 and demands for excess grants for 2015-16 along with the appropriation bills by voice vote, even as opposition members staged a walkout saying the government had not replied to their concerns related to Rafale fighter jet deal.

“This government follows the kind of budget making where there is least deviation between the planned and actual estimates,” Goyal said responding to the debate on the supplementary demands for grants.

“This (supplementary demands) is the lowest in the last 15 years. It is just 0.2 per cent of the total budget compared to 14 per cent in 2008-09.”

He said the NDA government had brought down the fiscal deficit to 3.3 per cent from 4.4 per cent it had inherited as a “legacy” from the previous government.

The minister said that 400 schemes had been brought under the Direct Benefit Transfer (DBT) scheme under which Rs 4 lakh crore have been disbursed directly to beneficiaries.

As per the latest demands for grants, the net cash outgo amounts to Rs 5,951,22 crore and the government’s gross additional expenditure have been shown at Rs 5,745.68 crore.

These are on account of expenditure of Rs 1,791.62 crore for the Agriculture Ministry, Rs 1,500 crore for the Textiles Ministry, Rs 1,057.84 crore for the Defence Ministry and Rs 1,708 crore for the Petroleum Ministry towards creation of capital assets under various schemes.

Under the “technical supplementary demands for grants” of the Civil Aviation Ministry, the government has sought Rs Rs 980 crore towards Turnaround Plan (TAP) for Air India burdened with accumulated debt of Rs 50,000 crore.

The grant has been sought as part of the equity infusion into the national carrier, whose proposed strategic divestment failed to take off earlier this year.

“Taking into account the surrender of savings available in the revenue section of the grant, the Expenditure (Rs 980 crore) will not entail any additional cash outgo,” the Supplementary Demand for Grants document said with reference to Air India.

The government has also requested a token provision of Rs 1.02 crore for enabling re-appropriation of savings in cases of new service or new instrument of service.
(IANS)

Maha-Karnataka border dispute: ‘Stop attacks in 24 hours or we won’t be able to observe patience’

If attacks on Maharashtra trucks do not stop, then Centre, Karnataka govt will be responsible for any untoward situation NCP leader accused Karnataka CM Basavaraj Bommai of inciting ‘anti-Maharashtra protests.’...

I&B Ministry approves new self-regulatory body for print, digital news outlets

The self-regulatory body (SRB) called the PADMA has 47 news publishers Self-Regulatory Body composed of a judge and two journalists Govt, however, still hasn’t issued clear guidelines on how an...

Karnataka-Maharashtra border row: Violence in Belagavi; over 100 detained

Bengaluru: The protests by Kannada activists around the issue of border row between Maharashtra and Karnataka took a violent turn on Tuesday after trucks bearing Maharashtra registration number plates were attacked...

13 arrested for post poll violence in Gujarat

Gandhinagar: Thirteen people have been arrested in connection with post-poll violence in Kalol constituency in Gujarat's Gandhinagar district. During voting in Kalol constituency in the second and final leg of the...

Babri demolition: Hindu Mahasabha leader held for bid to recite Hanuman Chalisa at Mathura Masjid; security beefed up

Hindu organisation announced Babri Masjid demolition to recite Hanuman Chalisa at the mosque Hindu litigants have filed a petition in a Mathura court seeking to bar Muslims from praying at...

Filmmaker Vivek Agnihotri apologises to Delhi HC for tweets against Justice S Muralidhar

New Delhi: Filmmaker Vivek Agnihotri on Tuesday apologised to the high court here for his tweets against Justice S. Muralidhar, who is current Chief Justice of Orissa HC and was a...

Ashish Mishra to face trial in murder of Lakhimpur Kheri farmers

Lakhimpur Kheri (Uttar Pradesh): Ashish Mishra, son of Union minister Ajay Mishra, will now be tried for the murder of four farmers and a journalist during a protest in Lakhimpur Kheri...

China sends spy ship into Indian Ocean ahead of Agni-V test: Key points

Chinese spy ship entered Indian Ocean Region (IOR) as India is prepping up for long-range ballistic missile test, months after Chinese high-tech research ship was docked at Hambantota in southern...

Praise pours in for Lalu’s daughter for donating kidney to dad, BJP leaders included

Lalu’s daughter Rohini got praise from BJP leaders - Giriraj Singh and Nishikant Dubey The 74-year-old veteran politician had a successful surgery on Monday Tejashwi Yadav and Misa Bharti have...

N.Korea orders artillery firing to protest live-fire drills

Seoul: North Korea's military said on Tuesday that it has ordered artillery firing into the sea in response to live-fire drills between South Korea and the US near the inter-Korean...

Framework deal signed in Sudan to end political stalemate

Khartoum: Sudan's military and civilian leaders have signed a political framework agreement to end the political impasse and institute a two-year transitional authority. Abdel Fattah Al-Burhan, incumbent President and Commander-In-Chief...

Ukraine hit by 8th wave of Russian strikes

Kiev: Ukraine has been hit by the latest barrage of Russian missiles, marking the eighth time since the strikes first began on October 10. In his nightly video address to...

Read Previous

Only 19% use Internet in India, says study

Read Next

RS adjourned for day after mourning Karunanidhi’s death

Leave a Reply

Your email address will not be published.

WP2Social Auto Publish Powered By : XYZScripts.com