Odisha passes appropriation bill for Rs 95,000 cr, house to meet on Aug 20

Quick Summary:

The Assembly on Wednesday passed the Odisha Appropriation (Vote-on-Account No.2) Bill, 2024, which authorises the state government to withdraw Rs 95,000 crore from the Consolidated Fund for use in August and September of the current 25 financial year.

Since the current Vote-on-Account expires on Wednesday, July 31, well before the budget's passage, the state introduced this second Vote-on-Account to cover expenditures for August and September.

Before the House passed the Bill, Majhi explained, "I have presented a Bill of Rs 95,000 crore for the House's approval.

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Category: BusinessFinance

Markets: India

Topics: Odisha Odisha economy Mohan Charan Majhi Finance Odisha Assembly

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Article Type: News Report

Published On: 2024-08-01 @ 06:49:34 (7 hours ago)

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Language: English

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