Delhi govt to give Rs 5326 crore to 3 new civic bodies
Delhi government decided to provide a financial assistance of Rs 5,326 crore to the three new municipalties.
New Delhi: Delhi government on Monday decided to provide a financial assistance of Rs 5,326 crore to the three new municipalties, including a special assistance of Rs 1,831 crore, for the year 2012-13
The decision to extend the financial assistance to the municipal corporations was taken at a cabinet meeting presided by Chief Minister Sheila Dikshit.
"The government has decided to extend a special assistance of Rs 1,831 crore to the three new municipalties to help them repay the debts owed by MCD and start their functioning properly," said a Minister.
The total assistance also includes Rs 1,724 crore of non-plan allocation and Rs 1,771 crore of plan allocation for the year 2012-13. The plan and non-plan allocation have been made to MCD by Delhi government on annual basis.
While extending the allocation, the city government has asked all the three municipalties to concentrate on better tax collection and ensure fiscal prudence.