Partly Cloudy
28°CSun :Partly Cloudy. High: 30 Low: 14

Govt seeks Parl nod for additional Rs 7,500 cr spending

Govt seeks Parl nod for additional Rs 7,500 cr spending

New Delhi: The government on Friday sought Parliament’s approval to spend an additional Rs 7,500 crore including Rs 1,000 crore for setting up of ‘Nirbhaya Fund’ for safety of women and a similar amount for women’s bank.

The first batch of supplementary demands for grants for 2013-14 involving an additional expenditure of Rs 7,499.42 crore was tabled in Lok Sabha and Rajya Sabha.

The net cash outgo, however, will only be Rs 127.14 crore as “gross additional expenditure, matched by savings of the Ministries/Departments or by enhanced receipts/recoveries aggregates to Rs 7,372.55 crore,” according to the statement of supplementary demands for grants.

The additional spendings include Rs 1,000 crore for setting up of ‘Nirbhaya Fund’ for safety of women and a similar amount will be provided to National Skill Development Corporation to extend skill trainings to youth.

Besides, Rs 1,000 crore has been provided for initial capital for establishment of women’s bank.

Also, Rs 1830 crore loan is to be given to International Monetary Fund (IMF).

The government also proposes to provide Rs 500 crore to Small Industrial Development Bank of India (SIDBI) to set up a Credit Guarantee Fund while Rs 100 crore has been proposed to be given to India Microfinance Equity Fund of SIDBI to provide equity and quasi-equity to microfinance institutions.

Also, Rs 100 crore each has been provided as grants to Aligarh Muslim University and Banaras Hindu University while Rs 200 crore has been provisioned for Rajiv Gandhi Panchayat Sashaktikaran Abhiyan.

 

Top Stories

10536-2808-140918-iPhone_6_Plus-Teardown-l

Initially iphone 6 & iphone 6 Plus teardowns uncover high-limit batteries, modified innards

September-19-2014
Nearing hours after Apple dispatched the iphone 6 and 6 Plus on Friday, repair firms and sites are as of now performing
Untitled-5 copy-163781

Last rundown of Bigg Boss 8 candidates uncovered

September-19-2014
Mumbai: The most famous reality TV show ‘Bigg Boss 8′, facilitated by none however the widely adored Salman Khan will go on
hope-whosoever-comes-to-power-will-manage-country-well-says-indra-nooyi_111113095932

Fortune positions Indra Nooyi third most capable ladies ready to go

September-19-2014
New York: Pepsico’s India-conceived CEO Indra Nooyi has been positioned third most compelling businessperson by Fortune, the main Indian-beginning lady on the
Uddhav_Modi_AP_360

Shiv Sena Warns BJP on Seat-Sharing, Says ‘We Are Not Asking, We Are Giving’

September-19-2014
In the round of brinksmanship that the accomplices of 25 years are playing over seat-imparting for the Maharashtra races, the Shiv Sena
980189ac-ecf3-452c-b7a0-3bdc4f505fcdWallpAutoWallpaper2

Movie Review: Fawad Khan, Kirron Kher attempt yet neglect to spare Khoobsurat

September-19-2014
Sonam Kapoor’s Khoobsurat offering Fawad Khan inverse her, hits theaters on Friday. Touted as a redo of Hrishikesh Mukerhjee’s Khoobsurat (1980), the
children

Fighting Parents Can Hurt Emotional Growth of Children

September-18-2014
Wrangling parents put the enthusiastic development of their youngsters in peril, as indicated by another research by New York University. Conjugal issues