Breaking

Post Top Ad

SEMrush

Tuesday, 26 January 2021

Chandigarh MC seeks Rs 1,058.31 cr grant-in-aid from Admn

Sandeep Rana
Tribune News Service
Chandigarh, January 25

It seems the Chandigarh Municipal Corporation is staring at another cash-starved fiscal. It has demanded Rs1,058.31 crore grant-in-aid (GIA) from the UT Administration in its proposed 2021-22 Budget, while the latter is expected to give only Rs500 crore GIA.

Last year also, the MC had cleared Rs 1,471 crore Budget for year 2020-21, but it got only Rs 425 crore making the civic body cry for funds during the entire financial year.

A similar situation seems to be emerging in the coming fiscal too as the MC expects its own receipts of Rs469.28 crore. Thus, it will not be able to match up to the mammoth Budget.

However, trying to justify its Budget, a senior MC official said: "The demand for grant-in-aid has been projected as per the recommendations of the Fourth Delhi Finance Commission."

Recommendations made in 2014 to increase the MC's share in the UT revenue from 17.5 per cent to 30 per cent could not be implemented for the past several years. This drove the MC into deep fiscal crisis and several civic works remained stuck.

In 2019, Punjab Governor and UT Administrator VP Singh Badnore had written to the Centre to grant funds to the MC. However, Mayor Ravi Kant Sharma has promised to get the funds from the Centre this year to increase the grant-in-aid from 500 crore, which was recently promised to the civic body.

The civic body has prepared Rs1,590.50 crore Budget for the coming fiscal. Of this, whopping Rs1,178.05 crore will be revenue expenditure and Rs412.45 crore will be capital expenditure.

As per the MC, it is Rs62.91 lakh deficit Budget. The proposed Budget will be tabled in the Budget meeting next month. Following the approval with expected minor changes, it will be sent to the UT Administration.

MC Commissioner KK Yadav reviewed the Budget at a meeting today.



from The Tribune https://ift.tt/2YcuW4u

No comments:

Post a comment