Finance Minister Nirmala Sitharaman on Tuesday sought Parliament nod to spend a web extra Rs 23,675 crore, together with Rs 17,000 crore for the well being ministry, within the present monetary yr.
As per the primary batch of supplementary calls for for grants tabled within the Lok Sabha by Sitharaman, though the gross extra
expenditure is over Rs 1.87 trillion in 2021-22, the precise money outgo will solely be Rs 23,674.81 crore because the remaining spending will probably be met by way of financial savings and better receipts and recoveries.
A considerable chunk of the overall gross spending is in the direction of switch to states for shortfall in items and providers tax compensation cess. Rs 1.59 trillion could be transferred to states as back-to-back mortgage in lieu of the GST compensation shortfall. However, this is not going to entail any money outgo.
“As the back-to-back loan are to be met from equivalent capital receipts, the … expenditure will not entail any additional cash outgo,” the supplementary calls for for grants mentioned.
To meet the varied COVID-related and different well being preparedness, Rs 16,463 crore additional spending has been earmarked for the division of well being and household welfare. An additional Rs 526 crore has been given to the division of well being analysis for emergency epidemic preparedness and response.
Approval for Rs 2,050 crore for Ministry of Civil Aviation is being sought, which incorporates Rs 1,872 crore in the direction of loans and advances to Air India for recoupment of advance from Contingency Fund of India.
The money outgo additionally consists of Rs 1,100 crore for Ministry of Consumer Affairs, Food and Public Distribution in the direction of offering help to sugar mills for 2019-20 sugar season.
Besides, nod for spending an extra Rs 1,222 crore underneath the pinnacle Department of Pharmaceuticals has been sought in the direction of waiver of the federal government mortgage of Indian Drugs and Pharmaceuticals Ltd (Rs 889.50 crore) and waiver of authorities mortgage (Rs 107.49 crore) and accrued curiosity (Rs 86.22 crore) of Bengal Chemicals & Pharmaceuticals Ltd.
The extra spending grant for pharma division additionally consists of extra expenditure to clear pending worker dues of Hindustan
Antibiotics Ltd (Rs 118 crore) and Rajasthan Drugs and Pharmaceuticals Ltd (Rs 21 crore) as mortgage.
The extra spending is over and above the overall expenditure of Rs 34.83 trillion projected within the Budget for 2021-22.