NEW DELHI: President Ram Nath Kovind has given his assent to the Appropriation (No. 5) Act, 2021 that authorizes the government to spend an additional Rs 3.73 lakh crore during the current fiscal.
The Act authorizes “payment and appropriation of certain further sums from and out of the Consolidated Fund of India for the services of the financial year 2021-22”.
This is the second batch of Supplementary Demands for Grants which the Parliament, during Winter Session concluded in December last year, had approved the Appropriation (No.5) Bill, 2021 moved in both the Rajya Sabha and the Lok Sabha by Finance Minister Nirmala Sitharaman.
“Appropriation (No. 5) Act, 2021 received assent of President on January 12, 2022, and is hereby published for general information,” a Gazette notification issued on Friday mentions.
“From and out of the Consolidated Fund of India there may be paid and applied sums issue of three lakh seventy-three thousand seven hundred sixty-one crore rupees towards defraying the several charges which will come in course of payment during the financial year 2021-22,” it added.
