India seeks $10.7 bln extra spending for '07/08

A farmer is seen ploughing his field on the outskirts of Amritsar in this May... Enlarge Photo A farmer is seen ploughing his field on the outskirts of Amritsar in this May...

Wed, Mar 12 01:42 PM

NEW DELHI (Reuters) - India sought on Wednesday parliament's approval to spend an extra 430.6 billion rupees in the year to March 2008, including 100 billion rupees to partly fund a debt relief plan for farmers announced in the 2008/09 budget.

It said gross additional spending would be 1.4 trillion rupees, out of which 973.2 billion would come from savings by various ministries.

In a supplementary demand for grants laid before parliament by the finance ministry, the government said it would create a fund that would be used to waive the debts of small farmers.

RECOMMEND THIS STORY

Recommend It:

0 out of 5 blips

Number of Votes ()

average:0

Copyright © Yahoo Web Services India Pvt Ltd. All rights reserved.
Questions or Comments
Privacy Policy -Terms of Service - Copyright Notice