Govt seeks Parliament nod for ₹3.73 lakh crore additional spending this fiscal

The federal government on Friday sought Parliament’s nod for gross extra spending of over ₹3.73 lakh crore within the present monetary 12 months.

As per the second batch of supplementary calls for for grants tabled in Lok Sabha by Minister of State for Finance Pankaj Chaudhary, the web money outgo could be over ₹2.99 lakh crore and ₹74,517 crore additional expenditure could be matched by financial savings by completely different ministries.

The quantity consists of additional spending of ₹58,430 crore in direction of fertiliser subsidy, over ₹2,000 crore in direction of numerous schemes of Division of Commerce and over ₹53,000 crore by Division of Expenditure underneath numerous export promotion schemes.