• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Thiruvananthapuram, July 26

There was a shortfall in funds transfer to the local self government institutions (LSGIs) in Kerala under the decentralised planning programme over the last few years.

The report of the Comptroller and Auditor General of India (CAG) for 2005-06, which was presented in the State Assembly on Thursday, noted that against a budget provision of Rs 5,357.16 crore for the State Plan outlay for the year, the actual disbursement was Rs 4,017.49 crore, of which the transfer to LSGIs was only Rs 1,008.15 crore.

This worked out to 25.09 per cent of the State plan expenditure.

But the policy statement of 1996 in respect of the decentralised planning envisaged implementation of 35-40 per cent of the State’s plan schemes through LSGIs and the corresponding devolution of funds to them, the report has pointed out.

There had been shortfall in funds transfer during the period between 2002-03 and 2005-06 with an achievement of only 29.68 per cent. During the four years, the total State plan expenditure was Rs 14,502.28 crore and the funds transfer to LSGIs Rs 4,304.85 crore. The short transfer was to the tune of Rs 770.95 crore on the basis of 35 per cent norm.

There was also short utilisation of funds for centrally sponsored schemes in 2005-06.

Out of Rs 217.43 crore available, the utilisation was to the tune of Rs 107.65 crore, representing 49.51 per cent.

More Stories on : Economy | Kerala

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Cotton tech scheme covers 1,100 farmers in Vidarbha

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line