Business Standard
Thursday, May 31, 2012
Sponsored by  
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

Orissa yet to spend Rs 2,314-cr Central funds
BS Reporter / Kolkata/ Bhubaneswar Sep 03, 2010, 00:46 IST

The Orissa government has been unable to spend Rs 2314.44 crore of Central funds under different programmes during 2005-06 to 2009-10.

Out of Rs 16,467 crore provided by the Centre during the stated period, the state government has managed to spend Rs 14,153.32 crore, meaning that 14.05 per cent of the funds have remained unspent.

The state government received Central assistance to the tune of Rs 4087.68 crore in 2009-10.

This was informed by Planning & Coordination minister A U Singhdeo.

The minister admitted that the timely expenditure of funds by the different departments was a matter of concern for the state government but pointed out that the Plan expenditure has increased substantially over the past few years.

Singhdeo attributed the untimely expenditure of Plan outlay to factors like inordinate delay in land acquisition and forest clearance for the projects as well large number of vacancies in different departments.

In order to ensure the timely expenditure of Plan Outlay and avoid a rush in expenditure in the last month of a fiscal, the minister said, the state government aimed to put in place a Cash Management System and to start with, tis system would be introduced in 10 key departments.

According to this system, up to 60 per cent of the Plan expenditure would be spent by the end of December and the expenditure for the month of March shall not exceed 15 per cent.

It may be noted that the performance of various departments on the expenditure front has been woeful in the first quarter of the fiscal.

Only 7.96 per cent of the total budgetary allocation has been spent by the 34 departments in the April-June period of the current financial year as against the stipulated norm of 15 per cent for the first quarter of any fiscal.

Out of the total budgetary provision of Rs 10,200 crore for 2010-11, only Rs 811.99 crore has been spent by these departments, the minister had said earlier in the assembly.

The performance of departments like general administration, cooperation, law, public enterprises and revenue and disaster management has been particularly dismal as these departments have not been able to spend even a single rupee in the April-June quarter.

Similarly, the expenditure by departments like energy, industries, school and mass education, tourism and culture, transport, women and child development, labour and employment and health and family welfare leaves a lot to be desired as these departments have incurred less than two per cent of the expenditure in the said .

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets extend loss as Q4 GDP disappoints
- Kingfisher Airlines Q4 loss more than trebles
- Q4 GDP growth at 5.3%, FY12 GDP growth at 6.5%
- Internet domain names .hotel, .bank and others to be a reality soon
- ICICI Bank, RIL turns ex-dividend, dn over 3% each
  Read Business news in 
- India's no. 1 Property Site. Click here to know more
- Help a Child Achieve her. Click to know more
- The Best Seller is Also the No. 1 in Mileage. Click here
- Watch The Film Here. Click here to know more..
- Learn How One City is Running on FOOD SCRAPS.
- 1 billion in saving for Unilever without any tangles.
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
- 2 Lac Apartments, 1 Lac House / Plots. Click here
Sorry, comments to this story are closed
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- NDA-led bandh turns violent in Bangalore
- Army chief slams BEML on Tatra, awards it Rs 1,500-cr deal
- Investors wary as Flipkart shows growth pangs
- Wealthy clients turned tables on UBS and staff?
- Coal blocks for infrastructure projects get GoM nod
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  Hot Searches  
 
Apalya |  Air India |  GAAR |  Agni  |  Solar eclipse |  Satyamev Jayate |  SRK |  Aamir Khan |  IPL |  Ertiga |  Sarfaesi Act |  Vodafone |  JP Morgan |  Transfer pricing |  Rupee |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us