The Corporate Affairs Ministry has been allocated Rs 712.13 crore for the financial year 2021-22, slightly higher than the revised allocation in the current fiscal.
While initially, the allocation was Rs 727.62 crore for this financial year, it was later revised downwards to Rs 680 crore. The ministry has been allocated Rs 712.13 crore for the financial year starting April 1, according to the Union Budget tabled in Parliament on Monday.
As per the Budget document, the Insolvency and Bankruptcy Board of India (IBBI) has been allocated Rs 39 crore, while the amount is Rs 46 crore for the Competition Commission of India (CCI).