SME Times News Bureau | 26 Oct, 2020
Centre will seek the Parliament's approval for additional spending of Rs
37,000 crore on infrastructure development in the second batch of
supplementary demands for grant.
Finance Minister Nirmala
Sitharaman had earlier in the month announced that Centre's capital
expenditure budget for current fiscal has been increased by an
additional Rs 25,000 crore from a level of Rs 4,13,000 crore provided
for FY21.
Further, the Union government has also approved
issuance of a special interest-free 50-year loan to states of Rs 12,000
crore for infrastructure development.
According to people in the
know, the approval for these additional expenditure for infrastructure
push will be sought from the Parliament through the second batch of
supplementary demands for grants.
The second batch of supplementary demands for grants is generally presented during the winter session of Parliament.
