• About us
  • Contact us
  • Our team
  • Terms of Service
Wednesday, July 16, 2025
Kashmir Images - Latest News Update
Epaper
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER
No Result
View All Result
Kashmir Images - Latest News Update
No Result
View All Result
Home BUSINESS

Govt to seek Par nod for Rs 37K cr infra push in 2nd supplementary demands for grant

Press Trust of india by Press Trust of india
October 26, 2020
in BUSINESS
A A
0
Govt to seek Par nod for Rs 37K cr infra push in 2nd supplementary demands for grant
FacebookTwitterWhatsapp

New Delhi: The government will seek Parliament’s approval for Rs 37,000-crore additional spending on infrastructure development in the second batch of supplementary demands for grant.

Earlier this month, Finance Minister Nirmala Sitharaman had announced additional budget of Rs 25,000 crore as capital expenditure (capex) on roads, defence, water supply, urban development and domestically produced capital equipment.

Related posts

India’s 2024 economic growth projection revised upwards by UN to nearly 7%

Economy to grow at 6.5% in FY26 despite global tensions, trade uncertainties: EAC-PM chairman

July 15, 2025

Telcos roll out suffix on SMS headers to identify spam, share concern over gaps in OTTs

July 15, 2025

Besides, the central government approved issuance of a special interest-free 50-year loan to states of Rs 12,000 crore for infrastructure development.

Approval for this additional spending will be sought through second supplementary demands for grants, sources said.

This was part of the third stimulus announced by the government earlier this month to boost demand during the festival season. The additional spending of Rs 37,000 crore is over and above Rs 4.13 lakh crore capex plan approved by the government in Budget 2020-21.

For various schemes of Aatmanirbhar Bharat Abhiyan package, the government sought approval of additional spending through first batch of supplementary demands for grants last month.

The second supplementary demands for grants usually presented during the winter session of Parliament.

The government has assured various infrastructure related ministries and departments that it will provide more money if needed and it is ready to provide the additional funds even at the revised estimates level, sources said.

Highlighting the importance of infra development, the finance minister recently said money spent on infrastructure and asset creation has a multiplier effect on the economy.

It not only improves current economy but also future GDP, she had said while announcing Rs 37,000 crore extra spending for infra development.

Sitharaman last week exhorted central public sector enterprises (CPSEs) under coal and petroleum and natural gas to achieve by December 75 per cent of their planned capital expenditure (capex) target for 2020-21.

This was the fourth in the ongoing series of meetings that the finance minister is having with various stakeholders to accelerate the economic growth amid the COVID-19 pandemic.

While reviewing the performance of CPSEs, Sitharaman had said capex by CPSEs is a critical driver of economic growth and needs to be scaled up for the financial year 2020-21 and 2021-22.

The government had pegged capex spending of Rs 4.13 lakh crore for the current financial year, as per the Budget 2020-21.

Previous Post

Cartoon

Next Post

Govt employees can submit multiple bills to avail LTC cash voucher scheme benefit

Press Trust of india

Press Trust of india

Next Post
Finmin proposes to decriminalize host of minor offences under 19 legislations 

Govt employees can submit multiple bills to avail LTC cash voucher scheme benefit

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ePaper

  • About us
  • Contact us
  • Our team
  • Terms of Service
E-Mailus: kashmirimages123@gmail.com

© 2024 Kashmir Images - Designed by GITS.

No Result
View All Result
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER

© 2024 Kashmir Images - Designed by GITS.