The Government has sought approval for giving additional subsidy of Rs 7,201.07 crore for fertilser and Rs 14,838.11 crore for oil marketing companies. Additional subsidy is for 2011-12. This is part of the third supplementary demand for grants tabled in Parliament today.

PTI reports: The Government today sought Parliament’s nod for gross additional expenditure of Rs 4.3 lakh crore, including Rs 3.69 lakh crore for repayment of debt in the current financial year.

“Approval of Parliament is sought to authorise gross additional expenditure of Rs 4,30,228.64 crore,” the Finance Minister, Mr Pranab Mukherjee, said in the demand for grants.

Of this, the net cash outgo aggregate Rs 42,605.78 crore and gross additional expenditure, matched by savings of ministries and department or enhanced receipts totals Rs 3,87,621.79 crore.

Besides, a “token provision” of Rs 1.07 crore has been sought, Rs 1 lakh for each item of expenditure, for enabling reappropriation of savings in cases involving new services or new instrument of services.

Of the total, the Finance Ministry has sought Rs 3,69,496.27 crore repayment of debt, including of Treasury Bill, cash management bills and international lending agencies.

Other major demand for grants related to Ministry of Consumer Affairs, Food and Public Distribution. It has sought Rs 9,858.7.57 crore for providing food subsidy and subsidies for interest subvention to Nabard.

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