The New Indian Express 15.11.2010
GHMC budget around Rs 3,226 crore
The budget outlay for 2011-12 is expected to be a little over Rs 3,226 crore.
GHMC authorities plan to put up the draft proposals before the Standing Committee.
Compared to 2010-11 budget, there is an increase in outlay by over Rs 585 crore for 2011-12.
After incorporating valid suggestions and other proposals by the Standing Committee which will meet on November 15 and 16, it would be placed in the Special Council meeting to be held next month for approval.
After ratification of the budget, the same would be submitted to the state government for approval. The first special meeting of the Standing Committee will be held on November 15.
Initiatives which are likely to receive impetus will be construction of houses for slum-dwellers under the Rajiv Awas Yojana (RAY), development of slums under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM). Other works like re-modelling of storm water drains, road widening, sanitation are also to be taken up.
The GHMC is also hoping to tap additional funds from the State Finance Commission, including professional tax of Rs 150 to Rs 180 crore, Rs 50 crore from motor vehicle tax and others. The SFC has recommended 10 percent increase in MV tax realised by the state government, to be given to urban bodies for maintenance of city roads.
`600 CRORE LOAN FOR WORKS: The GHMC is going to obtain a loan of Rs 600 crore through financial institutions for financing developmental works. It has written a letter to the MAUD principal secretary last month to process the proposals.
However, the proposal sent by the GHMC commissioner Sameer Sharma does not have approval of the GHMC council. For seeking such a huge loan, approval of the council is a must.
