December 7, 2016 / 6:53 AM / 8 months ago

India seeks nod to up net spending by net 352 bln rupees

NEW DELHI, Dec 7 (Reuters) - Indian Finance Minister Arun Jaitley sought parliamentary approval on Wednesday to increase net spending by 351.7 billion Indian rupees ($5.18 billion) in the current fiscal year that ends in March 2017.

It was the third supplementary demand for grants laid before the lower house of parliament. In August, lawmakers had approved $3.09 billion in additional spending for the current fiscal year. ($1 = 67.8849 Indian rupees) (Reporting by Manoj Kumar; Writing by Douglas Busvine)

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