Kochi Corporation faces financial pressure over limited Plan fund allocation

The record

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The Kochi Corporation has received only a small fraction of its allocated state Plan funds due to mandatory deductions for wages and loan repayments.
Opposition leaders allege the state government has drastically cut funding compared to previous years.
The corporation is struggling to meet payment obligations for development works.
Officials continue to await the release of overdue central government grants.

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LDF parliamentary party leader

1 quote · 1 outlet

“The State government’s Plan fund allocation for the Corporation has been brought down from ₹133 crore during the previous LDF government to a meagre ₹23.67 crore under the current UDF government.”
[1]The Hindu — Kerala1h agoOpen at the quote ↗
In the article
…and ₹5.65 crore towards the loan component for the purchase of land at Brahmapuram. The Opposition LDF is gearing up to intensify its protest against the alleged tardy utilisation of Plan funds by the Corporation. “ The State government’s Plan fund allocation for the Corporation has been brought down from ₹133 crore during the previous LDF government to a meagre ₹23.67 crore under the current UDF government. Funds are yet to be provided to applicants under the LIFE Mission and for scholarships to over 50 differently abled applicants from the previous year. Works currently being tendered are being executed using the…

Mayor

1 quote · 1 outlet

“the Corporation effectively has more funds at its disposal than before, citing the Central Finance Commission allocation of around ₹83 crore each under tied grants (for specific purposes only) and untied grants, in addition to the State government allocation of ₹23.67 crore.”
[1]The Hindu — Kerala1h agoOpen at the quote ↗
In the article
…funds poses challenges since they are often not received on time, adversely affecting payments to contractors for works already executed. Mayor’s stance However, Mayor V.K. Minimol countered the argument, claiming that the Corporation effectively has more funds at its disposal than before, citing the Central Finance Commission allocation of around ₹83 crore each under tied grants (for specific purposes only) and untied grants, in addition to the State government allocation of ₹23.67 crore. Corporation sources said that, apart from a portion of the State government allocation, ₹8 crore under the Scheduled Tribe Component has been received. However, the Central government allocations are yet to be…

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Named India · Kochi Corporation · Central Finance Commission · Government of Keralam · LDF · United Democratic Front · V.A. Sreejith · V.K. Minimol

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