Tuesday 2 August 2016

Government Seeks Approval For Rs 1 Lakh Crore Extra Spending


New Delhi: The government on Monday sought parliament's approval to spend an extra Rs 1.03 lakh crore ($15.43 billion) in the fiscal year ending in March 2017. In a supplementary demand for grants laid before parliament by the finance ministry, the government said net cash outgo would be Rs 20,948 crore. The additional expenditure includes Rs 5,000 crore for a rural jobs programme, about Rs 4,200 crore for road
construction and Rs 2,000 crore for disaster management.

($1 = 66.7425 Indian rupees) Government Seeks Approval For Rs 1 Lakh Crore Extra Spending

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