Kochi Corporation spends 72 pc funds
5 years, 11 months ago

Kochi Corporation spends 72 pc funds

Deccan Chronicle  

Kochi: On the last day for submitting bills of 2018-19 Plan fund works on Wednesday, Kochi Corporation could spend 72 per cent of its fund allocation. “As the finance department lifted the treasury curbs a week ago, the corporation’s pending bills worth several crores have be-en cleared. As per the data on Wed-nesday, corporation could spend 72 per cent of the annual fund allocation which may incr-ease by two or three per cent once the final figure is calculated,” Gracy Joseph, chairperson of Corporation development committee told DC. According to Mayor Soumini Jain, 72 per cent of Plan fund expe-nditure is a remarkable achievement as the civ-ic body had to face ma-ny challenges including non-cooperation of civic contractors, bure-aucrats and unexpected treasury restriction.

Treasury Fund Kochi Corporation Bills Spends 72  bills  treasury  works  received  pc  current  funds  corporation  kochi  spends  72  cent  fund  plan

History of this topic

Kochi Corporation Budget approved amid Opposition boycott
Trending News
8 hours, 34 minutes ago

Kochi Corporation Budget approved amid Opposition boycott

The Hindu  

The Kochi Corporation Budget for 2025–26 was approved amid Opposition protests and a walkout on Thursday. The Opposition United Democratic Front was up in arms from the outset of the council meeting, alleging that details of corporate social responsibility funds received by the Corporation were missing from the Budget documents. Some funds are also utilised through the civic body’s recognised …

Kochi Corpn. lags behind in Plan fund utilisation
1 month ago

Kochi Corpn. lags behind in Plan fund utilisation

The Hindu  

The Kochi Corporation ranks fifth among the six municipal corporations in the State in Plan fund utilisation, with just 43.80% spent and only a month remaining in the 2024-25 financial year, according to the Local Self-Government department’s dashboard as of Wednesday. Mr. Anilkumar further claimed that the Corporation, which had never ranked among the top three in fund utilisation in …

Kochi Corporation’s fund utilisation for ongoing fiscal may exceed ₹70 crore, says Mayor
1 month ago

Kochi Corporation’s fund utilisation for ongoing fiscal may exceed ₹70 crore, says Mayor

The Hindu  

The Kochi Corporation may be able to spend nearly ₹70 crore of the allocations for the 2024-25 financial year, Mayor M. Anilkumar has said. The utilisation may exceed ₹70 crore when bills on expenditure for ₹23.47 crore on infrastructure are considered. Addressing the Corporation Council meeting on Tuesday, Mr. Anilkumar said weekly review meetings should be convened by the development …

Thiruvananthapuram Corporation’s Plan expenditure at 48.45% with a month remaining in the financial year
1 month, 1 week ago

Thiruvananthapuram Corporation’s Plan expenditure at 48.45% with a month remaining in the financial year

The Hindu  

With just over a month remaining in the financial year, the Thiruvananthapuram Corporation’s Plan expenditure stands at 48.45%, placing it in the third position among the six Corporations for expenditure. The plan expenditure across all local bodies in the State stands at 43.66%, which is an improvement on the 39.18% recorded at the same time last year. Most of the …

Kochi corporation all set to revive plans to issue municipal bonds
1 month, 2 weeks ago

Kochi corporation all set to revive plans to issue municipal bonds

New Indian Express  

KOCHI: Following the state budget proposal to allow local bodies to raise funds by issuing bonds, Kochi corporation is planning to take that route to bankroll its infrastructure development. The budget recommended the formulation of a detailed proposal to allow urban local bodies to raise an amount of Rs 1,000 crore through municipal bonds. Many local bodies in the country …

Kochi neglected yet again, says T.J. Vinod; Mayor rebuts charge
1 month, 2 weeks ago

Kochi neglected yet again, says T.J. Vinod; Mayor rebuts charge

The Hindu  

The sidestepping of Kochi by the State government during the past few years, even though the city made significant contribution to the State’s revenue, was evident in Friday’s Budget as well, Ernakulam MLA T.J. Vinod has said. The government also owes an explanation as to why no funds were allocated for the Ernakulam KSRTC bus stand which has been in …

Kochi gets some big-ticket projects but misses infrastructure support
1 month, 2 weeks ago

Kochi gets some big-ticket projects but misses infrastructure support

The Hindu  

Kochi has something to cheer about in the annual Budget presented by Finance Minister K.N. The Kochi-Sustainable Urban Restructuring Project, aimed at transforming the city’s urban areas into planned, vibrant spaces, is a key initiative in the annual Budget. The Kochi-Palakkad Hi-Tech Industrial Corridor, part of the Kochi-Bengaluru Industrial Corridor, will receive a support of ₹200 crore, while Infopark, Kochi, …

Kerala Budget 2025-26: Finance Minister announces hike in land tax, places emphasis on economic growth
1 month, 2 weeks ago

Kerala Budget 2025-26: Finance Minister announces hike in land tax, places emphasis on economic growth

The Hindu  

A 50% hike in the land tax, expected to bring in an additional ₹100 crore for the State government, plans to transform the Kerala Infrastructure Investment Fund Board into a “revenue-generating entity,” as well as announcements aimed at boosting investment-friendly infrastructure, marked the 2025-2026 Kerala Budget presented by Finance Minister K.N. Additional resource Compared to last year, Mr. Balagopal’s latest …

Kerala Budget to focus on accelerating growth, drawing investment: K.N. Balagopal
1 month, 3 weeks ago

Kerala Budget to focus on accelerating growth, drawing investment: K.N. Balagopal

The Hindu  

The 2025-26 Kerala budget will focus on accelerating the growth process that has been set in motion in the State, new investment models, and sustaining the pace on welfare spending, Finance Minister K.N. At a pre-Budget chat, Mr. Balagopal said he was satisfied with his performance as Finance Minister, expressing confidence that Kerala would be moving forward, and not backward, …

Kochi Corporation to seek Kerala government’s support for biomining project
7 months, 3 weeks ago

Kochi Corporation to seek Kerala government’s support for biomining project

The Hindu  

KOCHI The Kochi Corporation Council on Tuesday decided to seek assistance from the State government in the wake of the cost of biomining of legacy waste at the civic body’s solid waste treatment plant at Brahmapuram going up from ₹119 crore to ₹142 crore. According to the Corporation’s estimate, the quantity of legacy waste was approximately 7 lakh tonnes, based …

Kochi Corporation lags behind in annual spending
1 year, 3 months ago

Kochi Corporation lags behind in annual spending

The Hindu  

With hardly three months left for the completion of the financial year, the Kochi Corporation could only spend one-fourth of its annual funds. Of the ₹90.66-crore Plan fund allotted for the current year, the city corporation could utilise only 22.71 per cent, which accounted for ₹25.05 crore till Monday afternoon. The spending of the Thiruvananthapuram City Corporation was to the …

Cash-strapped Kochi Corporation to seek govt. support to tide over crisis
2 years, 4 months ago

Cash-strapped Kochi Corporation to seek govt. support to tide over crisis

The Hindu  

The cash-strapped Kochi Corporation is hoping for a largesse from the State government to tide over the present crisis. With pressure mounting from all sides to clear pending bills, including salary arrears of contingent workers and contractors, Mayor M. Anilkumar is planning to meet Finance and Local Self-Government Ministers next week to request them to release funds for the civic …

Kochi: Corp lags in fund use
5 years, 4 months ago

Kochi: Corp lags in fund use

Deccan Chronicle  

KOCHI: The strict guidelines of the local self-government department on timely and effective utilisation of annual Plan fund allocation notwithstanding, the Kochi corporation spent only 21.53 per cent of the funds so far. The civic body has 1515 projects worth Rs 210 crore for the 2019-20 fiscal including 990 new works and 525 spill-over works. Corporation development standing committee chairperson …

Kochi: Rs 44-crore projects for waste management
5 years, 7 months ago

Kochi: Rs 44-crore projects for waste management

Deccan Chronicle  

KOCHI: The City Corporation has prepared a detailed project report for implementing solid waste management projects worth Rs 44 crore, using the funds allocated by the Union government. “The funds have been allocated under Swachh Bharat Mission for implementing various solid waste management projects. The Corporation has to provide Rs 2,000 per one tonne of garbage as viability gap fund …

Thiruvananthapuram: Bills worth Rs 20 crore pending at Treasury department
6 years, 1 month ago

Thiruvananthapuram: Bills worth Rs 20 crore pending at Treasury department

Deccan Chronicle  

Thiruvananthapuram: Non-release of funds by the treasury department has landed the City Corporation in a fix. The last-minute effort of the civic authorities to increase the plan fund utilization has down the drain with the treasury department refusing to clear the bills worth Rs 20 crores submitted by the Corporation. According to officials, the treasury department is refusing to take …

Kochi Corporation lags on AMRUT
6 years, 10 months ago

Kochi Corporation lags on AMRUT

Deccan Chronicle  

KOCHI: Kochi Corporation, which has been allotted Rs 328 crore under the Union government’s AMRUT scheme for development projects in five sectors could utilise only Rs 3 crore so far. The project initiated in June 2015 is for five years and in each financial year, the Union government will allocate funds for each city selected for AMRUT. The Union government …

Kerala budget 2017: Laudable aims, grim fisc
8 years ago

Kerala budget 2017: Laudable aims, grim fisc

Deccan Chronicle  

This budget was the last one before the states lost their constitutional power to fix tax rates for purchase and sale of commodities. The budget thinks beyond the accounting concept of revenue deficit and considers revenue expenditure in social sector as an essential prerequisite of human capital formation, when physical capital formation is sought to be taken care of substantially …

Kochi Corporation last in Plan Fund expenditure
8 years, 1 month ago

Kochi Corporation last in Plan Fund expenditure

Deccan Chronicle  

KOCHI: The Kochi Corporation which topped in Plan Funds spending in the state during last fiscal year has made a nosedive this year. As per the local self-government department’s performance analysis as on January 27, Kochi is in the last position with only 11.60 percent utilisation while Kollam tops with 23.19 percent. During the last fiscal, the civic body spent …

Lapses cost Kochi Corporation Rs 7 crore
9 years ago

Lapses cost Kochi Corporation Rs 7 crore

Deccan Chronicle  

KOCHI: The fund starved City Corporation has failed to use the nearly Rs 7 crore from the state government’s annual Plan funds and maintenance grant. The amount, collected from tender savings of the Plan projects and the maintenance grant, has lapsed as the civic body has failed to use it before the announcement of the Assembly polls. The civic body …

Kochi Corporation budget to offer realistic proposals
9 years, 1 month ago

Kochi Corporation budget to offer realistic proposals

Deccan Chronicle  

KOCHI: Deputy mayor T.J Vinod will present the first budget of the new UDF council by the end of this month. Many of the projects announced over the years like new solid waste treatment plant at Brahmapuram, e-governance, Thammanam – Pullepady Road development, Atlantis rail over bridge, Vathuruthy RoB, modern slaughterhouse at Mattancherry, surface water drainage projects, septage plant at …

Kochi Corporation to get new building
9 years, 9 months ago

Kochi Corporation to get new building

Deccan Chronicle  

KOCHI: After 11 years of uncertainty, the construction of the new building for Kochi Corporation at Marine Drive will resume soon, if everything goes well. The project proposed in 2004 and stuck midway has got a fresh impetus after the finance department cleared the revised project proposal and cost. Now, with the finance department’s clearance for the new proposal and …

Kochi corporation slips on Jawaharlal Nehru National Urban Renewal Mission
9 years, 10 months ago

Kochi corporation slips on Jawaharlal Nehru National Urban Renewal Mission

Deccan Chronicle  

KOCHI: When the UDF-led council came to power in Kochi corporation in 2010 November, the civic administration and the public were hopeful that many of the long-drawn development projects will become a reality. A major reason for this was the availability of funds under Union government’s Jawaharlal Nehru National Urban Renewal Mission. As per a status report released by the …

Plan fund use falls short of target
11 years ago

Plan fund use falls short of target

The Hindu  

Plan funds for Rs.2,000 crore allotted to government departments and other agencies in the current financial year are learnt to have been parked idly in the Treasury Savings Bank and other banks. Finance Department sources told The Hindu here that the gross Plan fund absorption had not crossed the 50 per cent mark even at the fag end of the …

Rs.20,000-cr. Plan for Kerala
11 years, 3 months ago

Rs.20,000-cr. Plan for Kerala

The Hindu  

The Kerala Cabinet on Wednesday approved the annual Plan of the State for 2014-15 with total outlay of Rs.20,000 crore. The outlay is 17.65 per cent higher than current year’s Plan size of Rs.17,000 crore. 3% for ST welfare Chief Minister Oommen Chandy told the media after the Cabinet meeting that about three per cent of the Plan was earmarked …

Kochi to evolve as economic hub: PM
12 years, 6 months ago

Kochi to evolve as economic hub: PM

The Hindu  

Prime Minister Manmohan Singh hoped that Kochi would evolve as “a very important economic and logistical hub” of the country. Speaking at the foundation stone laying ceremony of the Kochi metro rail project at Ernakulam Marine Drive on Thursday, Mr. Singh said that the city had emerged as one of the most important ports of the county with the International …

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