In a sign of fiscal prudence ahead of the 2024 general elections, the Union finance ministry on Wednesday sought Parliament's approval for additional gross spending of â¹1.29 trillion, involving net cash outgo of â¹58,378 crore in FY24 through the first tranche of Supplementary Demands for Grants. In comparison, in the first Supplementary Demands for Grants in FY23, the government had sought approval for gross additional expenditure of nearly 4.36 trillion, with a net cash outgo of â¹3.25 trillion.
But the government will present a second tranche of Supplementary Demands for Grants during the Budget session of Parliament in February, when it can seek additional spending.
Expenditure exceeding the net cash outflow, worth â¹70,968 crore, including â¹14,524 crore for the Mahatma Gandhi National Rural Employment Guarantee Scheme, will be offset by savings or increased receipts.
The government had previously taken an advance of â¹10,000 crore for the rural job guarantee scheme from the Contingency Fund of India.
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Mustafa Pithawala had taken a home loan of â¹20,11,101 from Tata Capital Housing Finance on October 19, 2015. To secure its repayment, he was covered under ICICI Lombard Group Secure Mind Policy, valid from October 23, 2015, to October 22, 2020. This policy also covered personal accident and major medical illnesses and procedures such as coronary artery bypass graft surgery (CABG).
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