Live
- ASSOCHAM Telangana Cybersecurity Conference Unveils Urgent Need for Vigilance and Innovation
- Hindustan Coca-Cola Beverages completes its multi-state initiative of upskilling 25,000+ youth
- Qualcomm expands Snapdragon portfolio with new platform to power AI PCs
- Navigating PCOS Understanding the Role of Diet in Managing Symptoms
- Understanding Toddlerhood: Essential Facts Every Parent Should Know
- UK begins probe into AI partnerships by Microsoft, Amazon
- Mr Rahul Gandhi, first you distribute your benami asset: Basavaraj Bommai
- Maharashtra: Rahul Gandhi promises farmers' commission, mechanism for loan waiver
- IT raids on Congress workers a ploy to obstruct election campaigning: DCM D K Shivakumar
- Congress workers protest IT raids on D K Suresh’s confidante
Fund infusion to revive works in ULBs
Urban Local Bodies (ULBs) across the State came out of confusion over the hundreds of works taken up anticipating 13th Finance Commission Grants (FCG).
Hyderabad: Urban Local Bodies (ULBs) across the State came out of confusion over the hundreds of works taken up anticipating 13th Finance Commission Grants (FCG).
- Centre allocates Rs 633.15 crore as against the promised Rs 818.36 crore under 13th Finance Commission
- The State had released funds in advance and is awaiting Centre’s allocation
Several works were taken up in the civic bodies across the State anticipating a substantial amount from the Centre. The Union government too indicated that, post bifurcation, the State would get about Rs 818.36 crore under the 13th Finance Commission Grants.
However, the State government on Monday authorised the State Director of Treasuries and Accounts to allow expenditure from the PD accounts of the ULBs to claim 77.5 per cent of the money deposited for the purpose during the 2014-15 financial year.
Following this, ULBs in the State could avail the funds till December 2016 to complete the works taken up during 2014-15 under FCG. Also, the government has allowed clearing of any pending bills of the works related to FCG works.
It may be noted that State government had released funds in advance to the ULBs from the State Consolidated Fund (SCF) to take up works during 2014-15 financial year. However, following the Centre allocating only Rs 633.15 crore the fate of the works remained in the dark as how to meet the shortage of funds to complete the remaining works.
Even though, the government earlier had allowed using the funds related to them in advance against the anticipated FCG to complete the works by the March 2016. The permission was given to the ULBs following pressure from the people’s representatives from the civic bodies.
