10:16 PM
'How can Rs 275 cr loan be treated as NMG's income?'
"HOW can a loan of Rs 275 crore be treated as income of the local body?" This is the question being asked by the corporators of Opposition parties in Nagpur Municipal Corporation (NMC).
They are asking the question ahead of Monday, when the general body of Nagpur Municipal Corporation (NMC) will discuss the civic budget, presented by Standing Committee chief Narendra Borkar last week.
In the civic budget for the year 2014-15. Borkar has proposed to obtain loan of Rs 275 crore from financial institutions.
The loan obtained from any financial iastitution will be a liability for local body and it cannot be shown as income of the said local body. Congress, Nationalist Congress Party (NCP). and Bahujan Samaj Party (BSP) have dubbed the civic budget as 'inflated and unrealistic'. Bharatiya Janata Party-led Nagpur Vikas Aghadi (BJP-NVA) is fooling the common man on the issue of development, alleged the Opposition parties. However. BJP welcomed the budget and stated that it was based on the policies of the party.
Borkar presented the civic budget of Rs 1.645 crore income with many developmental schemes. However, the budget did not reflect aciual income of [he local body. Presently. the local body is passing through a bad phase as its income has dipped tremendously since enforcement of Local Body Tax (LBT). The civic body earned Rs 800 crore in last financial year 2013-2014.
In the general body meeting to be held on Monday. Congress will raise several issues related to income of NMC. Leader of Opposition Vikas Thakre has already expressed his displeasure over inflated budget of NMC.
BJP has proposed new capital-based property tax from the current financial vear. In view of the ensuing Legislative Assembly elections. NMC has avoided any harsh decisions in the budget. Borkar has proposed a plethora of development in spile of poor financial condition of the local body.
The budget estimates income of Rs 1.645 crore. which is higher by Rs 600 crore than the budget proposed by Municipal Commissioner Shyam Wardhane.
The present budget is Rs 245 crore more than the budget of Borkar's predecessor Avinash Thakre. Standing Committee has included Central Government's fund of Rs 491 crore of North Sewerage Zone in its budget to increase total income shown in the budget.
Central Government will release only 50 per cent amount under JNNURM for the project and 30 per cent amount will be contributed by local body, The remaining 20 per cent will be shared by State Government.
They are asking the question ahead of Monday, when the general body of Nagpur Municipal Corporation (NMC) will discuss the civic budget, presented by Standing Committee chief Narendra Borkar last week.
In the civic budget for the year 2014-15. Borkar has proposed to obtain loan of Rs 275 crore from financial institutions.
The loan obtained from any financial iastitution will be a liability for local body and it cannot be shown as income of the said local body. Congress, Nationalist Congress Party (NCP). and Bahujan Samaj Party (BSP) have dubbed the civic budget as 'inflated and unrealistic'. Bharatiya Janata Party-led Nagpur Vikas Aghadi (BJP-NVA) is fooling the common man on the issue of development, alleged the Opposition parties. However. BJP welcomed the budget and stated that it was based on the policies of the party.
Borkar presented the civic budget of Rs 1.645 crore income with many developmental schemes. However, the budget did not reflect aciual income of [he local body. Presently. the local body is passing through a bad phase as its income has dipped tremendously since enforcement of Local Body Tax (LBT). The civic body earned Rs 800 crore in last financial year 2013-2014.
In the general body meeting to be held on Monday. Congress will raise several issues related to income of NMC. Leader of Opposition Vikas Thakre has already expressed his displeasure over inflated budget of NMC.
BJP has proposed new capital-based property tax from the current financial vear. In view of the ensuing Legislative Assembly elections. NMC has avoided any harsh decisions in the budget. Borkar has proposed a plethora of development in spile of poor financial condition of the local body.
The budget estimates income of Rs 1.645 crore. which is higher by Rs 600 crore than the budget proposed by Municipal Commissioner Shyam Wardhane.
The present budget is Rs 245 crore more than the budget of Borkar's predecessor Avinash Thakre. Standing Committee has included Central Government's fund of Rs 491 crore of North Sewerage Zone in its budget to increase total income shown in the budget.
Central Government will release only 50 per cent amount under JNNURM for the project and 30 per cent amount will be contributed by local body, The remaining 20 per cent will be shared by State Government.
Posted in: News 2014
0 comments:
Post a Comment