The Hindu : Front Page : Fund mobilisation encouraging despite slowdown: Yeddyurappa

Online edition of India's National Newspaper
Saturday, Jan 10, 2009
ePaper | Mobile/PDA Version

Front Page

Front Page

Fund mobilisation encouraging despite slowdown: Yeddyurappa

Special Correspondent

Booklet on his 200-day-old Government released

— Photo: Bhagya Prakash K.

Report card: Chief Minister B.S. Yeddyurappa releasing a booklet on the occasion of his Government completing 200 days in office, in Bangalore on Friday. Ministers Eshwarappa and Ashok are seen.

BANGALORE: Mobilisation of resources in the State has been relatively good despite the economic downturn, according to Chief Minister B.S. Yeddyurappa.

He was speaking at a press conference here on Friday to mark 200 days of his Government. The Chief Minister released a booklet highlighting the achievements of the Government and the programmes for the future. The highlight of the Chief Minister’s statement was that the State had surpassed the achievements under planned expenditure compared to the previous years as of date.

Mr. Yeddyurappa said: “Nearly 90 per cent of the assurances made by the BJP in its election manifesto prior to the Assembly elections in May were incorporated in the revised budget approved in July. On completion of 100 days in office, Government orders were issued and implementation of the programmes is now in full swing.”

Mr. Yeddyurappa said there was a 12 per cent average growth in resource mobilisation across all the key sectors. The growth in revenue mobilised from the commercial taxes sector was 14.8 per cent as on December 31, 2008, compared to the corresponding period in the last financial year. This sector netted Rs. 12,677 crore compared to Rs. 11,047 crore last year. The excise sector witnessed a growth of 14.9 per cent (Rs. 3,944 crore compared to Rs. 3,436 crore) and the Motor Vehicles Department registered a growth of 9.2 per cent in resource mobilisation (Rs. 1,324 crore compared to Rs. 1,213 crore).

The Chief Minister drove home the point that with good mobilisation of resources, the planned expenditure would be met. As on December 31, it had spent Rs. 9,488 crore under planned expenditure compared to Rs. 7,721 crore as on December 31, 2007 and Rs. 7,844 crore during the same period in 2006.

The Chief Minister said district in-charge Ministers and senior officials concerned had been directed to closely monitor the implementation of programmes.

“We will stand by our commitments. The Government had promised that it would come out with a report card every 100 days and we did it first in September and have done it now. Although, the Government completed 200 days on December 18, the report card has been brought out now because of the recent byelection to the Legislative Assembly from eight constituencies.”

Mr. Yeddyurappa said as promised, nine lakh farmers had been given loans to the tune of Rs. 2,773 crore at a subsidised rate of interest of three per cent.

Job fairs had been held in Bangalore, Hubli and Mysore in which 10,110 people had been selected for employment.

The Department of Rural Development and Panchayat Raj was improving 831 km of rural roads under the Prime Minister’s Grama Sadak Yojana at a cost of Rs. 205 crore.

Printer friendly page
Send this article to Friends by E-Mail

Front Page