Sup­ple­men­tary De­mands for Grants of 1.12L cr no­ti­fied

The Financial Express - - ECONOMY -

The gov­ern­ment has no­ti­fied the third and fi­nal batch of Sup­ple­men­tary De­mands for Grants for the cur­rent fis­cal en­tail­ing a gross ad­di­tional ex­pen­di­ture of over ` 1.12 lakh crore. The net cash outgo, how­ever, will be only ` 27,770.33 crore. The rest will be matched by sav­ings of the min­istries/ de­part­ments or by en­hanced re­ceipts/ re­cov­er­ies ag­gre­gates. The cur­rent fi­nan­cial year ends on March 31. “...Par­lia­ment has passed the Sup­ple­men­tary De­mands for Grands, 2015-16 (March, 2016). The con­nected Ap­pro­pri­a­tion Bill, 2016 has also been passed by Par­lia­ment and as­sented to by the Pres­i­dent of In­dia on March 25, 2016 and the cor­re­spond­ing Act has been pub­lished in the Gazette of In­dia...,” the finance min­istry said.

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