Friday, 29 January 2010

Delhi govt splurging on Commonwealth Games

The Delhi Government on Thursday took the bold step and decided to enhance its Plan outlay from Rs.10,000 crore to Rs.11,300 crore for 2010 Commonwealth Games. This is an increase of about US $300 million.

In revised estimates for the current financial year 2009-10 whereas the total budgetary provision for the current year has now been increased by Rs.2,717 crore from Rs.23,043 crore to Rs.25,760 crore.

This has ostensibly been done to ensure timely completion of all Commonwealth Games-related projects and to overcome any shortage of funds.

The decision to increase the outlay was taken at a meeting chaired by Chief Minister Sheila Dikshit and attended by Finance Minister A. K. Walia, Chief Secretary Rakesh Mehta, Principal Secretary (Finance) J.P. Singh and other senior officers of the Finance and Planning Departments.

Briefing the media, Dr. Walia said an amount of Rs.800 crore has been increased under the head of roads and bridges and it would be utilised for construction of flyovers and bridges and widening and improvement of roads, particularly those related to the Games.

The Minister said apart from enhancing its Plan outlay by Rs.1,300 crore from Rs.10,000 crore to Rs.11,300 crore in revised estimates for 2009-10, the Government has also increased its non-Plan outlay by Rs.1,408 crore.

With another Rs.9 crore being increased for the Centrally-sponsored projects, he said the total budgetary provision for the current year will go up by Rs.2,717 crore from Rs.23,043 crore to Rs.25,760 crore.

The Rs.1,300-crore increase in Plan outlay would be utilised for putting more money into the hands of the civic agencies and departments.

The Plan outlay for the Public Works Department has been increased from Rs.1,471 crore to Rs.1,975 crore and for the Municipal Corporation of Delhi from Rs.345 crore to Rs.635 crore.

The allocation for Delhi Transport Corporation has been increased from Rs.340 crore to Rs.619 crore to enable it to buy more buses.

The outlay of the Delhi Jal Board has also gone up by Rs.227 crore from Rs.1,365 to Rs.1,592 crore. All these departments have Games-related projects in their hands.

Sources said the Delhi Government would be raising this money from various quarters.
While it would get an additional Rs.1,000 crore for the Games from the Centre, Rs.1,000 crore would be raised through increase in small savings and Rs.500 crore would be given to the Delhi Government by the Centre as compensation for shortfall in VAT collections.


Post a Comment

Related Posts with Thumbnails we are in

Sport Blogs - BlogCatalog Blog Directory blogarama - the blog directory Sports blogs blog directory Blog Directory Golden - Links Web Directory Blog Collector Free Website Directory

Blog Directory Blog Directory

Follow this site

Link exchange | Internet Marketing