09-Dec-2024 03:59 PM
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Chennai, Dec 9 (Reporter) Tamil Nadu Minister for Finance and
Environment and Climate Change Thangam Thenarasu
presented the First Supplementary Estimates for a sum of
Rs.3,531.05 crore for the year 2024-25 to State Assembly
on Monday.
On the first day of the two-day session, he also made a
detailed statement explaining the demands for
Supplementary Grants placed on the table of the House.
The Supplementary Estimates are being presented mainly
to obtain the approval of the Legislature for expenditure on
"New Service‟ and "New Instrument of Service‟ items which
have been sanctioned since the presentation of Budget
Estimates 2024-25 and to enable recoupment for advances
made from the Contingency Fund.
The Government has sanctioned a sum of Rs.1,634.86 crore
as additional loss funding grant to the Tamil Nadu Power
Distribution Corporation Limited as per the guidelines for
Additional Borrowing Space of 0.50% of GSDP linked to
performance in Power Sector formulated by the Union
Government.
A sum of Rs.1,500 crore is included in the Supplementary
Estimates under Energy Department” and the balance will
be met by re-appropriation from savings within the grant...////...