Partly Cloudy
1°CWed :Sunny. High: 11 Low: -1

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

Post retirement, PM to move to bungalow vacated by Sheila Dikshit

Post retirement, PM to move to bungalow vacated by Sheila Dikshit

February-28-2014
New Delhi: A sprawling bungalow on Motilal Nehru Place will be the abode of Prime Minister Manmohan Singh once he retires after
Sukhbir Singh Badal takes jibe at Congress, dubs it as 'politically pauper'

Sukhbir Singh Badal takes jibe at Congress, dubs it as ‘politically pauper’

February-28-2014
Muktsar: Describing Congress as “politically pauper”, Punjab Deputy Chief Minister Sukhbir Singh Badal on Friday alleged that Congress was facing severe political
Train fires: Railways to reply SC on use of sub-standard materials

Train fires: Railways to reply SC on use of sub-standard materials

February-28-2014
New Delhi: The Supreme Court on Friday sought response from the Centre and Railways on the allegation that use of sub-standard materials
Dark matter annihilation may be possible

Dark matter annihilation may be possible

February-28-2014
Washington: Researchers have claimed that gamma-ray photons observed from the center of the Milky Way Galaxy are consistent with the intriguing possibility
INS Sindhuratna fire: Police register accidental death case

INS Sindhuratna fire: Police register accidental death case

February-28-2014
Mumbai: On Thursday, police registered a case of accidental death over the fire incident on board the submarine INS Sindhuratna, in which
Electric bus service debuts in Bangalore

Electric bus service debuts in Bangalore

February-28-2014
Bangalore: State-run Bangalore Metropolitan Transport Corporation (BMTC) Friday began operating an electrically-charged bus service to provide eco-friendly public transport to commuters. Initially,