Lok Sabha approves supplementary demands for grants amid din

The supplementary demands for grants and related appropriation bills were introduced by Finance Minister Pranab Mukherjee and approved within minutes without any discussion as Opposition members continued shouting slogan “we want JPC.”

The additional outgo,Mukherjee later told reporters,will not increase the fiscal deficit pegged at 5.5 per cent in the budget,mainly on account of tax buoyancy and higher than anticipated receipts from auction of 3G spectrum.

Although the government sought a gross amount of Rs 44,945.52 crore,the net cash outgo will be only Rs 19,812 crore as the remaining sums would be adjusted against savings under different heads.

The additional outgo is being sought to mainly meet expenses towards fertiliser and food subsidy.

While Rs 1,000 crore was demanded for subsidy on imported decontrolled fertilisers,the balance was sought for indigenous decontrolled fertilisers.

Besides,another Rs 5,000 crore is required for giving payment to Food Corporation of India on sale of bonds given earlier for providing subsidised food to state governments on procurement of foodgrains,to MMTC for import of edible oil,to banks for interest subsidy to farmers and for procurement of sugar.

About Rs 3,000 crore was sought for implementing schemes in the northeast and Sikkim,Rs 1,000 crore was needed for maintenance and repair of national highways.

Earlier,in the first supplementary demands for grants,the Government got Rs 68,294.30 crore,which entailed net cash outgo of Rs 54,588.63 crore.

The government in the annual 2010-11 budget had proposed an expenditure of Rs 11.08 lakh crore.