Lok Sabha Passes Appropriation Bill for Financial Year 2024-25

August 6, 2024

On 26th February 2024, the Lok Sabha passed the Appropriation (No. 2) Bill, 2024, allowing the Indian government to withdraw funds from the Consolidated Fund of India for the 2024-25 financial year. This followed discussions on budget allocations for several ministries, especially the Ministry of Fisheries, Animal Husbandry, and Dairying.

Understanding the Appropriation Bill

The Appropriation Bill is an important legislative measure that enables the government to spend money allocated for various expenses within a financial year. This Bill makes it legally possible to transfer the necessary funds for government operations.

Procedure in Lok Sabha

During the session, Speaker Om Birla shortened the discussions and moved the Bill forward at 6 PM after addressing cut motions proposed by members, which were then rejected. Finance Minister Nirmala Sitharaman proposed the Bill for approval, and it was passed shortly after.

Key Ministry Highlights

During the discussions, Minister Rajiv Ranjan Singh talked about the government’s funding initiatives, especially in fisheries and animal husbandry. He highlighted the Modi government’s non-discriminatory approach to state funding, mentioning specific projects in West Bengal, Kerala, and Andhra Pradesh.

Investment in Fisheries Projects

Singh pointed out significant financial allocations, including ₹41.44 crore for West Bengal under the Blue Revolution Project. He also noted that India is the second-largest fishery producer in the world and the top dairy producer.

Fishermen’s Support Initiatives

The government has started various welfare measures for fishermen, including the installation of a transponder by ISRO. This device helps with communication and ensures the safety of fishermen who might cross maritime boundaries.

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