CWG: Delhi seeks Rs 2000 crore additional fund from Centre
Facing severe fund crunch in view of huge spending on infrastructure projects linked to the Commonwealth Games, Delhi government today sought an additional Rs 2,000 crore from the Centre.delhi Updated: Jan 13, 2010 22:49 IST
Facing severe fund crunch in view of huge spending on infrastructure projects linked to the Commonwealth Games, Delhi government today sought an additional Rs 2,000 crore from the Centre.
Placing the demand before Union Finance Minister Pranab Mukherjee, Delhi Finance Minister A K Walia said the city Government needs the additional allocation for the preparation of the sporting event.
"I have said we need at least Rs 2,000 crore.... This year we got about Rs 1,000 crore for Commonwealth Games and some money from JNNURM," Walia told reporters after a pre-Budget interaction with Mukherjee.
The government has made investments to the tune of Rs 15,000 crore to improve infrastructure ahead of the upcoming Commonwealth Games.
The Government is facing financial crisis as it had reported a fall of over Rs 1,300 crore in tax revenue collection in the last fiscal due to the economic downturn.
The tax collection has improved this year as the government collected a total tax revenue of Rs 8394.2 crore in the first eight months of 2009-10, which is an increase of 3.4 per cent comparing to the corresponding period of the last fiscal.