On February 26, 2024, the Lok Sabha approved the Appropriation (No. 2) Bill, 2024, which allows the Indian government to access funds from the Consolidated Fund of India for the financial year 2024-25. This decision came after talks on how to allocate the budget, particularly for the Ministry of Fisheries, Animal Husbandry, and Dairying.

Purpose of the Appropriation Bill

The Appropriation Bill is crucial because it authorizes the government to spend the money needed for various expenses throughout the year. It legally permits the transfer of funds required for government functions.

Lok Sabha Process

During the session, Speaker Om Birla expedited the discussions and moved the Bill forward at 6 PM after dealing with cut motions proposed by members, which were rejected. Finance Minister Nirmala Sitharaman introduced the Bill for approval, and it was quickly passed. Minister Rajiv Ranjan Singh discussed the government’s funding efforts, particularly in fisheries and animal husbandry. He emphasized the Modi government’s fair approach to state funding, mentioning projects in West Bengal, Kerala, and Andhra Pradesh.

Investment in Fisheries

Singh highlighted major financial investments, including ₹41.44 crore for West Bengal under the Blue Revolution Project. He also noted that India is the second-largest producer of fish in the world and the top producer of dairy products. The government has introduced several welfare measures for fishermen, such as installing a transponder by ISRO. This device enhances communication and safety for fishermen who might cross maritime boundaries.