Economy India seeks parliament nod to spend additional $2.7 billion in 2019-20

India seeks parliament nod to spend additional $2.7 billion in 2019-20

Image result for India seeks parliament nod to spend additional $2.7 billion in 2019-20
India seeks parliament nod to spend additional $2.7 billion in 2019-20

 India’s federal government has sought parliament approval to spend an additional 189.95 billion rupees ($2.65 billion) for the current financial year that ends in March, an official document showed on Thursday.

The government proposes to spend 25 billion rupees for capital infusion in state-run insurance companies in the current financial year, and 45.57 billion rupees for capital infusion in IDBI Bank (IDBI.NS) through bonds, the statement tabled in the lower house of parliament said.

Previous articleVietnam jails third activist this month in crackdown on Facebook posts
Next articleNo decision yet on whether to exclude Russia’s condensate from output measurement