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India government seeks parliament's approval for $15.4 billion extra spending - Metro US

India government seeks parliament’s approval for $15.4 billion extra spending

Indian Prime Minister Narendra Modi (R) listens to Finance Minister Arun Jaitley during the Global Business Summit in New Delhi January 16, 2015. REUTERS/Anindito Mukherjee
Reuters

NEW DELHI (Reuters) – The Indian government on Monday sought parliament’s approval to spend an extra 1.03 trillion rupees ($15.43 billion) in the fiscal year ending in March 2017.

In a supplementary demand for grants laid before parliament by the finance ministry, the government said net cash outgo would be 209.48 billion rupees.

The additional expenditure includes 50 billion rupees for a rural jobs program, about 42 billion for road construction and 20 billion rupees for disaster management.

(Reporting by Manoj Kumar; Writing by Rajesh Kumar Singh; Editing by Douglas Busvine)

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