New Delhi, Aug 07: Government today presented supplementary demand for grants totalling Rs 8,518.93 crore for additional expenditures for this fiscal, including a Rs 1,573 crore for IFCI's restructuring and Rs 607 crore loan to states for payment of dues to sugarcane growers. The supplementary demands for 29 grants introduced in Parliament involves a net cash outgo of Rs 5,580 crore as the remaining Rs 2,938.67 crore is to be met through savings, and enhanced receipts and recoveries.
Government has provided for a total Rs 442 crore for implementing voluntary retirement and separation schemes in several PSUs including Steel Authority of India, Indian Drugs and Pharmaceuticals, Hindustan Antibiotics, Fertiliser & Chemicals Travancore Ltd and National Savings Organisation.
IFCI is slated to get Rs 1,573 crore for conversion of loan into grant, as part of its restructuring package.
It also provides Rs 551.43 crore for additional investment in international monetary fund and another Rs 3.93 crore for payment of subscription to International Development Association.
The government also provided for Rs 607.19 crore loans for Agriculture Ministry to provide loans to states for meeting the dues of sugarcane growers for last season.
Delhi Metro Rail Corporation is also slated to get Rs 500 crore for additional expenditure.
Commerce Ministry would get Rs 200 crore for "price stabilisation fund" for tea, coffee, rubber and tobacco.
The government provided a substantial Rs 3,650.24 crore for meeting additional expenditure under Sampoorna Grmain Rozgar Yojana.
Bureau Report