Tuesday, May 30, 2023

LS okays Rs.1.48L cr supplementary grants for FY’23 without debate

Lok Sabha on Tuesday gave its approval to the central government to spend an additional Rs 1.48 lakh crore during the current financial year 2022-23, amid uproar by Opposition parties on the Adani issue.
On March 13, Minister of State for Finance Pankaj Chaudhary had tabled the second batch of supplementary demands for grants in the House amounting to a total of Rs 2,70,508.89 crore.
“However, the net cash outgo aggregate is estimated at only Rs 1,48,133.23 crore. The remaining expenditure will be matched by savings of the ministries/departments or by enhanced receipts/recoveries aggregates to Rs 1,22,374.37 crore,” said the statement.
Of the total additional cash outgo, Rs 36,325 crore is for payment towards fertiliser subsidy. This includes additional subsidy outgo of Rs 21,000 crore for P&K (phosphorus and potassium) and Rs 15,325.36 crore for urea. The second batch of supplementary demands or ‘Appropriation Bill (No 2), 2023,’ was passed without discussion amid continuous uproar by the Opposition demanding a Joint Parliamentary Committee (JPC) probe into the allegations against the Adani Group of companies. The government has been authorised to make additional transfers to the Universal Service Obligation Fund (USOF) to the tune of Rs 25,000 crore, according to the bill passed.


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