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Govt. moots municipal bonds for SRDP

  • Govt. moots municipal bonds for SRDP

    Summary: The Government will soon raise ? 1,000 crore through Municipal Corporation bonds for implementation of Strategic Road Development Programme (SRDP), which has been taken up with an outlay of ? 20,000 crore to be be completed in four stages. The Minister said that city doesn’t face water scarcity now due to the sufficient funds released by the Government for Hyderabad Metro Water Supply and Sewerage Board (HMWS&SB). Municipal Administration Minister K. T. Rama Rao said in the Legislative Assembly that for stage-I, the Government has released ? 2,500 crore so far and all these funds were not drawn from the budgetary allocations meant for Greater Hyderabad Municipal Corporation (GHMC). The Government is committed to construct one lakh houses in the GHMC limits this year spending ? 8,650 crore and not a single rupee was taken from GHMC. Rejecting the charges that fund allocation to GHMC was only on paper, he said lot of funds were being spent for various projects in GHMC area including the double bedroom houses.

    The Government will soon raise ? 1,000 crore through Municipal Corporation bonds for implementation of Strategic Road Development Programme (SRDP), which has been taken up with an outlay of ? 20,000 crore to be be completed in four stages. Municipal Administration Minister K. T. Rama Rao said in the Legislative Assembly that for stage-I, the Government has released ? 2,500 crore so far and all these funds were not drawn from the budgetary allocations meant for Greater Hyderabad Municipal Corporation (GHMC). Rejecting the charges that fund allocation to GHMC was only on paper, he said lot of funds were being spent for various projects in GHMC area including the double bedroom houses , As Reported By Hindu.

    According to the Newspaper,The Government is committed to construct one lakh houses in the GHMC limits this year spending ? 8,650 crore and not a single rupee was taken from GHMC. The Minister said that city doesn’t face water scarcity now due to the sufficient funds released by the Government for Hyderabad Metro Water Supply and Sewerage Board (HMWS&SB). Earlier, AIMIM member Syed Amin Jafri wanted to know whether the share of the GHMC from various taxes like professional tax, stamps and registration and entertainment tax were being extended to GHMC and he also suggested that part of Motor Vehicle Tax should be given to GHMC. The Leader of Opposition, Shabbir Ali said all the water schemes from Krishna Phase-I to Godavari waters were brought to the city by the Congress Governments but the TRS Government was not acknowledging it.. . .

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