- ALSO READ
The Centre has changed the category of the land allotted to political parties for their offices in Delhi from 'institutional' to government-to-government' transfer, which will significantly bring down the dues.
The government approved the Union Housing and Urban Affairs Ministry's proposal in this regard earlier this month, they said.
The land rates under the 'government-to-government' category are cheaper than the 'institutional' rates.
The latest change is likely to benefit 14 political parties which were allotted land between 2000 and 2017, they said.
However, there was no official word from the ministry on the same.
According to the sources, the 14 political parties, including the BJP, Congress and Janata Dal (United), together owed around Rs 150 crore in land dues to the Union Housing and Urban Affairs Ministry.
After the change in allotment category, it is learnt the BJP will owe around Rs 17 crore to the ministry while the Congress may get Rs 27 lakh from the government as a refund, the sources said.
However, there is no official confirmation regarding this, they added.
These parties were allotted land by Land and Development Office (L&DO) between 2000 and 2017.
According to rules, the area of land considered for allotment varies depending on the strength of the party in Parliament.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
First Published: Thu, September 22 2022. 07:19 IST