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    Published On : Thu, Jun 25th, 2015

    Shingare’s budget seemingly suffers a setback of Rs 200 crores

    panneau budget 2015

    Nagpur: Nagpur Municipal Corporation (NMC) standing committee chairman Ramesh Shingare’s budget presented on last Monday seems to be receiving a setback of Rs 200 crores in first two months. It is because the NMC officials have been able to attain revenue collection of Rs 124.24 crores within two months. In the NMC commissioner’s budget proposal Rs 215.79 crores were earmarked in the proposed budget in first two months.

    The trend of revenue generation in standing committee’s budget, pertaining to past 6 years, hints at only 65% revenue generation. In the budget proposal submitted in year 2013-14 the expected revenue generation was Rs 1427.31 crores but it could receive 59% (Rs 831 crores) revenue generation. In the last year’s (2014-15) budget the revenue generated was 59.31% (975.73 crores). It shows defeat in the target. Looking into the upsetting past trends, the current fiscal year’s (2015-16) budget proposal worth Rs 1946.16 crores seems to be receiving a setback as it was supposed to collect Rs 324 crores in first two months.

    However, NMC commissioner Shravan Hardikar claims that despite financial crunch in the NMC, various projects undertaken for construction-work and other developmental works would not be affected. They would be completed from government grants and revenue generated from the fees hiked by town planning department, he added.

    – Rajeev Ranjan Kushwaha ( [email protected] )

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