Economy | Govt seeks approval for extra spending this year

Economy | Govt seeks approval for extra spending this year
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First Published: Wed, Feb 18 2009. 10 10 PM IST
Updated: Wed, Feb 18 2009. 10 10 PM IST
New Delhi: The government sought Parliament’s approval to spend an extra Rs10,765 crore in the year ending 31 March.
The government said Rs10,240 crore is for the ministry of petroleum and natural gas, of which Rs10,000 crore is for issuing bonds to compensate oil and gas companies for selling fuel below market prices. About Rs240 crore is for additional equity investment in the bonus shares of GAIL India Ltd.
Bloomberg
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India to get $30 bn FDI in current fiscal year
New Delhi: India expects to get $30 billion (Rs1.5 trillion) of overseas investment in the fiscal year to 31 March, junior industry minister Ashwani Kumar told Parliament.
Bloomberg
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First Published: Wed, Feb 18 2009. 10 10 PM IST
More Topics: Economy | Oil | Gas | Bonds | Fuel |