Supplementary Demands for Grants of 1.12L cr notified
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.