The Indian government has sought parliament's approval to spend an additional 514.63 billion rupees ($5.90 billion) on a net basis for the current financial year ending March 31, according to a statement released on Monday.

Government on Monday sought Parliamentary approval for additional spending, including a cash outgo of over Rs 51,000 crore, with large chunks going towards fertiliser subsidy and pension. Over Rs 14,000 crore is proposed to be spent towards higher fertiliser subsidy,