Parliament approves additional govt spending of Rs 7,500 crore

NEW DELHI: Parliament today authorised the government to withdraw an additional Rs 7,500 crore from the Consolidated Fund of India to meet the demands for various schemes, including Rs 1,000 crore each needed for setting up of ' Nirbhaya Fund' for safety of women and for women's bank.

"Additional cash allocation is very small," Finance Minister P Chidambaram said seeking Rajya Sabha's nod to return the Appropriation (No. 4) Bill, 2013.

The bill was passed in the Lok Sabha on September 5. The additional spendings include Rs 1,000 each for setting up of 'Nirbhaya Fund' for safety of women. A similar amount will be provided to National Skill Development Corporation to extend skill trainings to youth, he said.

Besides, Rs 1,000 crore has been provided for initial capital for establishment of women's bank, he added.