all type of study test papers are available here. all types of books are available here.

Thursday, 3 December 2015

Govt tables fourth financial panel report

Avinash Singh Sudan, New Delhi: Dec 3, 2015, dhns


The BJP-ruled civic agencies have something to cheer about with the tabling of the Fourth Delhi Finance Commission Report in the Delhi Assembly on Wednesday promising to strengthen their financial condition.

But the Opposition claims that the recommendations will not be accepted in toto.The report recommends increasing the share of municipal corporations in the city government’s taxes up to 12.5 per cent.

When Deputy Chief Minister Manish Sisodia tabled the report, Leader of Opposition Vijender Gupta stood up and tried to take the credit by saying that Opposition has forced the ruling AAP for tabling the much-awaited report.

“If passed, it will be a much needed relief to the civic agencies, but tabling is just an eye wash,” said Gupta. “The government is back stabbing Delhiites because it has put a notice in the report that first the Central government should abide by the report then the city government will do it,” he added.

The Fourth Delhi Finance Commission was constituted in 2009. It was scheduled to give its report in 2010, but it submitted its report in 2013. Its recommendations were to be implemented from 2010 to 2015. The report was delayed at least by three years. 

As per the Fourth Delhi Municipal Commission recommendations, some 12.5 per cent of the taxes, fees, toll collected during 2012-13 to be kept in the divisible pool for each financial year (till 2015).

The panel proposes that 50 per cent of the funds in the divisible pool “to be distributed among all the existing municipalities with reference to the existing principle based on population and area in the ratio of 70:30”.
Share:

Related Posts:

0 comments:

Post a Comment

Contact Form

Name

Email *

Message *

Search This Blog

Business

all type of study test papers are available here. all types of books are available here.

Powered by Blogger.

Facebook

Arquivo do blog

Random Posts

Recent Posts

Recent in Sports

Header Ads

Featured

Recent Posts

Unordered List

Theme Support

Definition List