Govt Seeks ₹51,000 Crore Extra for FY25, ₹7,000 Crore for Pension Scheme :

The Government is seeking Parliament’s approval to spend an estimated additional Rs 51,463 crore, net, for this financial year till March 31, as stated in a report.

Union Finance Minister Nirmala Sitharaman on March 10 presented to Parliament the second batch of supplementary demands for grants which enables the additional spending other than what was budgeted. In the second supplementary demands, the Government has estimated a net additional spending for FY25 of Rs 6.79 lakh crore.

This figure constitutes a net cash outgo which includes a demand for funding of Rs 7,000 crore for the Unified Pension Scheme and Rs 12,000 crore towards the Oil Industry Development Fund. Oil Ministry will receive an increase of Rs 1,000 crore.

These also incorporate the demand for waiving government outstanding dues of Rs 1,351 crore to Hindustan Organic Chemicals Ltd (HOCL).

The Government, as per the statement, has sought authority to utilize Rs 5,320 crore for settling the outstanding obligations to employees of Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd and also to upgrade telecom infrastructure in some regions.