Showing posts with label New taxes. Show all posts
Showing posts with label New taxes. Show all posts

Sunday, June 6, 2010

Sheila Taxes Us As Crores Go Unspent


The series of tax hikes effected by chief minister Sheila Dikshit to raise money for urban improvement could have been avoided had her government utilised central funds earmarked for infrastructure development.

The midterm appraisal of the Jawaharlal Nehru National Urban Renewal Mission ( JNNURM) accessed by MAIL TODAY shows the state government spent a mere Rs 22 crore of the nearly Rs 6,000 crore committed by the Centre for the fiscal years 2005- 06 to 2009- 10.

As a result, the huge amount was allowed to lapse, leading to a funds crunch for the Capital's urban development.


 
JNNURM funds are used for infrastructure development and creating facilities for the urban poor. The midterm appraisal report is prepared by the Union ministry for urban development.

The state government had only to submit detailed project reports on time. But it did not do this for three consecutive fiscal years 2005- 06 to 2007- 08. In 2008- 09, it got only Rs 22 crore against the sanctioned plans.

In 2009- 10, against its city development plans, that is draft proposals, the Centre sanctioned nearly Rs 5,500 crore.

Shockingly, Delhi bureaucrats yet again failed to prepare detailed project reports - the final project plans that include design details and execution plans - allowing the hefty amount to lapse.

DETAILED NEWS CAN BE VIEWED FROM LINK IN HEADLINE ABOVE.

With thanks : source : Mail Today