Slump in revenue may mar Commonwealth Games projects
The slump in Delhi Government's revenue collection in the current fiscal may have an adverse impact on its efforts to ramp up city infrastructure ahead of the Commonwealth Games.india Updated: Sep 28, 2009 15:44 IST
The slump in Delhi Government's revenue collection in the current fiscal may have an adverse impact on its efforts to ramp up city infrastructure ahead of the Commonwealth Games.
Officials said the Government reported a fall of over Rs 400 crore in collection of tax revenue in the first four months of the current fiscal.
Worried over the dip in revenue generation, Chief Minister Sheila Dikshit last week asked top officials of the Revenue department to double up their efforts in tax collection as the shortfall may impact the government's preparation for the prestigious event.
Reeling under the impact of the economic slowdown, Delhi Government had reported a fall of over Rs 1,300 crore in tax revenue in the last fiscal also. Last year, the government had collect nearly Rs 14,000 crore.
"The fall in revenue collection is a matter of concern. But we are doing our best to minimise it," Finance Minister A K Walia said.
Although Walia maintained that the Government will not allow the dip in revenue collection to affect Commonwealth Games projects, officials admitted that it may somehow impact some of the projects.