Summary:
Now, all the assets are recorded in the register,” he said.But the budget document for 2018-19 shows that the asset register is not proper.One of the major promises in the budget was that a proper asset register would be prepared during 2018-19. KOCHI: Lack of a proper asset register , dwindling strength of scheduled caste (SC) and scheduled tribe (ST) families and poor plan fund expenditure seem to have cost Kochi corporation dearly. But the city corporation lacks a proper asset register. Plan fund allocation for 2019-20 fiscal from the state government, which is the major revenue for the corporation, is Rs 120 crore. Many of the roads and buildings owned by the local body are yet to figure in the register..