President Kovind Gives Assent, Allows Govt To Spend Extra Rs 3.73 Lakh Cr

In a relief to the Central Government, President Ram Nath Kovind gave assent to the act, allowing additional Rs 3.73 lakh crore expense in FY 2021-2022. The Appropriation Act 2021, authorises the Government to spend extra money for grants and expenses. Passed in Rajya and Lok Sabha during the Winter Parliament session, the act was approved by President Kovind On January 12 and Gazette notification was released on January 14.