Capital gains

Capital gains
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Delhi Govt will get Rs 1,350 crore in the current fiscal year

The Delhi Government will get Rs 1,350 crore in the current financial year — including Rs 325 crore as Central assistance under Plan Head, Rs 325 crore as share in the Central taxes, Rs 700 crore under Jawaharlal Nehru Urban Renewal Mission (JnNURM). The Narendra Modi Government has made special budgetary provision of Rs 700 crore for strengthening of power transmission and improving water distribution system in Delhi. It would be pertinent to mention that the fund allocation for Delhi has already been made in the interim Budget presented by the UPA II in February this year. In the Budget presented in Parliament on Thursday by Finance Minister Arun Jaitley has carried forward these allocations to Delhi. In the Budget, Delhi will get Rs 325 crore under Central assistance Plan Head as compared to Rs 272.26 crore in 2013-14. Out of total allocation for 2014-15, Rs 325 crore has been given as normal assistance against Rs 662 crore in the revised estimate in the previous fiscal. Officials say that Budget has provision of Rs 700 crore under JnNURM and these provisions have been made in the interim Budget presented by the UPA II Government in February this year. The share in Central taxes of Delhi is remained the same.

Delhi Government has been pushing for substantial hike in the normal central assistance, arguing that it has been stagnant at around Rs 300 crore per annum for the last decade. A separate amount of Rs 134 crore has been allocated for the National Capital Region (NCR) under the Budget

allocation to the Urban Development Ministry. The Centre has allocated Rs 50 lakh for enhanced compensation for 1984 riot victims and another Rs 2 crore for improvement in statistical system. Meanwhile, Delhi Government official said that Delhi’s Budget for the year 2014-15 is expected to be tabled on July 18 in Parliament.

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