DOCSLIB.ORG

BDA and BWSSB Have Consistently Fallen Short of Their Own Budgetary Estimates

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
BDA and BWSSB Have Consistently Fallen Short of Their Own Budgetary Estimates ET Home › News › Politics and Nation Search for News, Stock Quotes & NAV's SENSEX NIFTY 50 GOLD (MCX) (Rs/10g.) USD/INR Download ET CHOOSE 04:05 PM | 13 APR CREATE LANGUAGE PORTFOLIO MARKETS APP MARKET STATS 29,461 ­182.03 9,151 ­52.65 29,422 193.00 64.40 ­0.27 ENG BDA and BWSSB have consistently fallen short of their own budgetary estimates By Bharath Joshi, ET Bureau | Updated: Mar 23, 2017, 12.00 PM IST Post a Comment BENGALURU: Last September, when the campaign against the now junked steel flyover project was at its peak, the Bangalore Development Authority (BDA) quietly borrowed a loan of Rs 400 crore from the Housing and Urban Development Corporation (HUDCO). The loan was raised to fund six mega housing projects whose title deeds had to be mortgaged in exchange. On the other hand, the Bangalore Water Supply and Sewerage Board (BWSSB), which is deep in debt, is liaising with the city civic corporation and the BDA, which together owe the water utility Rs 207 crore in dues. This money can cover revenue expenditure of the utility for an entire month. With an annual revenue gap of Rs 436 crore, funding expensive projects and recovering costs remain seemingly impossible challenges, given the scale of Bengaluru's water needs. While the BBMP's financial management has been in public focus, the BDA and the BWSSB have escaped attention. They are, however, as poor as ­and in certain parameters worse than ­the BBMP, according to available data. The Bangalore Metropolitan Transport Big Change: The end of Five­Year Plans: All you need to know Corporation (BMTC) fares better in financial management, having moved from incurring losses over a decade ago to making profits. The BDA's weak financial position is worrisome, especially because it is the designated city planner covering 1,294 sq km of the Bengaluru metropolitan area.While it is been tasked with executing crucial infrastructure projects, the Authority has found few takers for its housing projects, which make up for two­thirds of its revenue. Both the BDA and the BWSSB have consistently fallen short of their own budgetary estimates. In the period between 2012 and 2016, the BWSSB's annual budgets have recorded a variance of 36­51 per cent while the BDA is worse with a variance ranging 13­87 per cent. With an annual revenue gap of Rs 436 crore, funding expensive projects and recovering costs remain seemingly impossible challenges, given the scale of Bengaluru's water needs. A BDA official said the agency is working with the Municipal Reforms Cell to implement an e­platform that would make public payment of bills and status of projects. The water utility is mulling involving citizens in annual budgeting and resource allocation for projects. “Significant capital spending is key for Bengaluru to become a better city. The city needs Rs 20,000Rs 25,000 crore per year over a ten year period to cover water, sewerage, roads and so on,“ urban evangelist V Ravichandar said. The BBMP Restructuring Committee has proposed a Greater Bengaluru Finance Commission to plan expenditure across all agencies. Stay on top of business news with The Economic Times App. Download it Now! Live Market News Portfolio Mobile Live TV Newsletter Commodities Speed QnA Blogs Alerts RSS Other Times Group news sites Living and entertainment Hot on the Web Services Times of India | इकनॉिमक टाइ൵ Timescity | iDiva | Zoom | BSE Sensex | KKR vs KXIP ads2book | Gadgetsnow | Free Business Listings ઈકોનોિમક ટાઈ晥સ | Mumbai Mirror Luxpresso | Gaana | Happytrips | Gold rate today | Sensex Simplymarry | Astrospeak | Timesjobs | Magicbricks | Zigwheels | Timesdeal | Cricbuzz | Get Smartapp Income Tax Slabs | RBI Policy dineout | Filmipop | Remit2india | Gaana | Greetzap | Techradar | Alivear | Times Now | Indiatimes Gold rate Google Play नवभारत टाइ൵ | महाराយ煑 टाइ൵ Āಜಯ ಕಾಟಕ | Lifehacker Networking Gizmodo | Eisamay | IGN India itimes | MensXP.com NavGujarat Samay About us / Advertise with us / Terms of Use & Grievance Redressal / Privacy Policy / Feedback / Sitemap / Code of Ethics / / Disclaimer Copyright © 2017 Bennett, Coleman & Co. Ltd. All rights reserved..
Load more

Recommended publications
  • Assets.Kpmg › Content › Dam › Kpmg › Pdf › 2012 › 05 › Report-2012.Pdf
    Digitization of theatr Digital DawnSmar Tablets tphones Online applications The metamorphosis kingSmar Mobile payments or tphones Digital monetizationbegins Smartphones Digital cable FICCI-KPMG es Indian MeNicdia anhed E nconttertainmentent Tablets Social netw Mobile advertisingTablets HighIndus tdefinitionry Report 2012 E-books Tablets Smartphones Expansion of tier 2 and 3 cities 3D exhibition Digital cable Portals Home Video Pay TV Portals Online applications Social networkingDigitization of theatres Vernacular content Mobile advertising Mobile payments Console gaming Viral Digitization of theatres Tablets Mobile gaming marketing Growing sequels Digital cable Social networking Niche content Digital Rights Management Digital cable Regionalisation Advergaming DTH Mobile gamingSmartphones High definition Advergaming Mobile payments 3D exhibition Digital cable Smartphones Tablets Home Video Expansion of tier 2 and 3 cities Vernacular content Portals Mobile advertising Social networking Mobile advertising Social networking Tablets Digital cable Online applicationsDTH Tablets Growing sequels Micropayment Pay TV Niche content Portals Mobile payments Digital cable Console gaming Digital monetization DigitizationDTH Mobile gaming Smartphones E-books Smartphones Expansion of tier 2 and 3 cities Mobile advertising Mobile gaming Pay TV Digitization of theatres Mobile gamingDTHConsole gaming E-books Mobile advertising RegionalisationTablets Online applications Digital cable E-books Regionalisation Home Video Console gaming Pay TVOnline applications
    [Show full text]
  • Tougher Work Visa Norms May Boost Investment-Linked Immigration to U
    Tougher work visa norms may boost investment-linked immigration to U... http://economictimes.indiatimes.com/nri/visa-and-immigration/tougher-... You are here: ET Home › NRI › Visa and Immigration Search for News, Stock Quotes & NAV's CHOOSE 04:05 PM | 11 NOV SENSEX NIFTY 50 GOLD (MCX) (Rs/10g.) USD/INR CREATE Download ET LANGUAGE PORTFOLIO MARKETS APP MARKET STATS 26,819 -698.86 8,296 -229.45 29,605 209.00 67.24 0.61 ENG By TNN | Updated: Nov 10, 2016, 05.12 PM IST MUMBAI: With Donald Trump in the Presidential seat, work visa programs (H visas) are expected to take a beating — with more stringent regulations. The spotlight, according to some immigration experts, will shift towards the EB-5-based US immigration visa, which is investment-linked. At present, such visas issued to Indians remain in the three-digit figure, but with it probably being the easiest route to set foot on American soil, the number of applications could go up significantly. Mark I Davies, global chairperson of Davies & Associates, a US immigrant investor visa firm, says, "Trump's win in the Presidential Elections will be beneficial for EB-5 visa applicants. Such visas, issued to Indians remain in the three-digit figure, will see a rise if they remain the easiest route to set foot on While some of our clients have expressed concern with a Trump victory, we believed that American soil. their concerns will be short-lived, it will cause more Indians to apply for an EB-5-based US immigrant visa." Trump has previously used the EB-5 visa program as a source of funding for some of his real estate projects.
    [Show full text]
  • Digital Dawn
    Digitization of theatr Digital DawnSmar Tablets tphones Online applications The metamorphosis kingSmar Mobile payments or tphones Digital monetizationbegins Smartphones Digital cable FICCI-KPMG es Indian MeNicdia anhed E nconttertainmentent Tablets Social netw Mobile advertisingTablets HighIndus tdefinitionry Report 2012 E-books Tablets Smartphones Expansion of tier 2 and 3 cities 3D exhibition Digital cable Portals Home Video Pay TV Portals Online applications Social networkingDigitization of theatres Vernacular content Mobile advertising Mobile payments Console gaming Viral Digitization of theatres Tablets Mobile gaming marketing Growing sequels Digital cable Social networking Niche content Digital Rights Management Digital cable Regionalisation Advergaming DTH Mobile gamingSmartphones High definition Advergaming Mobile payments 3D exhibition Digital cable Smartphones Tablets Home Video Expansion of tier 2 and 3 cities Vernacular content Portals Mobile advertising Social networking Mobile advertising Social networking Tablets Digital cable Online applicationsDTH Tablets Growing sequels Micropayment Pay TV Niche content Portals Mobile payments Digital cable Console gaming Digital monetization DigitizationDTH Mobile gaming Smartphones E-books Smartphones Expansion of tier 2 and 3 cities Mobile advertising Mobile gaming Pay TV Digitization of theatres Mobile gamingDTHConsole gaming E-books Mobile advertising RegionalisationTablets Online applications Digital cable E-books Regionalisation Home Video Console gaming Pay TVOnline applications
    [Show full text]
  • Economictimes.Pdf
    New drivers are not signing up with Ola & Uber The slowing growth in fleet sizes is emblematic of a market that is maturing and stabilising after nearly a half decade of frenzied growthShashwati Shankar | ET Bureau | June 01, 2017, 07:35 IST inShare A large number of taxi drivers have quit Ola and Uber and not many new ones are signing up, but that might be a good thing. Analysts and company executives ET spoke with said more than 10,000 drivers have left Ola and Uber in Bengaluru alone in the past two years, as the companies gradually lowered the heady incentives they used to lure the drivers. Also, driver registrations plunged from 300-350 a day in 2016 to 40-50 this year across Bengaluru, Mumbai and Delhi. Even so, analysts said, the slowing growth in fleet sizes is emblematic of a market that is maturing and stabilising after nearly a half decade of frenzied growth that was beginning to affect operations. “While the supply (of drivers and vehicles) has dropped from 2016 to 2017, it is stabilising and the market is slowly showing signs of maturing,“ said Jaspal Singh, partner at Valoriser Consultants. “Newer drivers coming on board are aware that the incentives and salaries offered are lower than what they were last year.They are more prepared to work longer hours for lower wages in the pursuit of owning a car in the long run.“ Many of the drivers who have dropped off the platforms were earning ` Rs60,000 to 1 lakh a month in fares and incentives, he said.
    [Show full text]
  • Galgotias University, India Mr
    The Researcher International Journal of Management Humanities and Social Sciences January-June, 2019 Issue 01 Volume 04 Chief Patron Mr. Suneel Galgotia, Chancellor, Galgotias University, India Mr. Dhruv Galgotia, CEO, Galgotias University, India Patron Prof.(Dr.) Renu Luthra Vice Chancellor, Galgotias University, India GALGOTIASEditor-in -UNIVERSITYChief Dr. Adarsh Garg Galgotias University Publication SCIENCE IN THE CONTEXT OF SOCIETY THROUGH QR CODE IN PROBLEM BASED LEARNING Science in the Context of Society through QR Code in Problem Based Learning David Devraj Kumar1 Susanne I. Lapp2 Abstract Science education in the context of societal applications through QR code in problem-based learning (PBL) is addressed in this paper. An example from an elementary classroom where the students received mentoring by their high school peers to develop QR codes involving the Florida Everglades is presented. Through meaningful guidance it is possible to enhance elementary students knowledge of science in society and awaken their curiosity of science using QR code embedded problem-based learning. Key Words: QR Code, Problem Based Learning, Science in Society, Mentor 1. Introduction How to connect classroom science to societal applications in problem-based learning (PBL) through QR code is explored in this paper. We live in a world highly influenced and impacted by science and its technological applications. Science and its application in technology are an integral part of society. One of the goals of science education is preparing students to be critical thinkers and problem solvers who understand the role of science and technology in society [1]. Currently, the US focus has followed a standards-driven model for educating students.
    [Show full text]
  • Indian Smart Cities Can Become Lighthouses for World, Says London School of Economics ­ the Economic Times
    6/2/2017 Indian smart cities can become lighthouses for world, says London School of Economics ­ The Economic Times ET Home › News › Economy › Infrastructure Search for News, Stock Quotes & NAV's ई­टी माक ट एप CHOOSE 04:05 PM | 02 JUN EOD स╒सेċ िनгी 50 सोना (एमसीएċ) (₹/10 ╣ा… यूएसडी/भारतीय … पोटफोिलयो डाउनलोड कर LANGUAGE MARKET STATS 31,273 135.70 9,653 37.40 28,659.00 7.00 64.44 ­0.04 बनाएं HIN Indian smart cities can become lighthouses for world, says London School of Economics BY NIDHI SHARMA, ET BUREAU | UPDATED: JUN 02, 2017, 12.14 AM IST Post a Comment NEW DELHI: The Centre’s flagship initiative Smart City Mission has got its first international affirmation, as a London School of Economics study has praised the government’s effort, saying Indian smart cities could become lighthouses for other cities around the world. Two years after the Narendra Modi­led government launched the mission to smarten up 98 cities by promoting economic growth and improved governance, the study has commended the programme. The London School of Economics study was conducted after the first set of 20 cities were chosen in January 2016 through a competitive process to initiate the mission. The research also commends India’s Smart City The research examined the proposals of each city and conducted stakeholder interviews Mission for its different approach from the global to gauge the selection process and the quality of the mission. The Smart Cities Challenge, conception of smart cities.
    [Show full text]
  • Tech Mahindra Drops Plans to Start Payments Bank
    ET Home › Industry › Banking/Finance › Banking Search for News, Stock Quotes & NAV's SENSEX NIFTY 50 GOLD (MCX) (Rs/10g.) USD/INR Download ET CHOOSE 04:05 PM | 17 JAN CREATE LANGUAGE PORTFOLIO MARKETS APP MARKET STATS 27,236 -52.51 8,398 -14.80 28,749 220.00 67.99 -0.11 ENG Tech Mahindra drops plans to start payments bank By Jochelle Mendonca, ET Bureau | May 25, 2016, 03.59 AM IST Post a Comment MUMBAI: Tech Mahindra said it was dropping its plans to start a payment bank as the RELATED VIDEO increasing aggression in the business would have eroded its margin potential. TechM become the third license winner to pull out of the business. Sun Pharma promoter Dilip Shanghvi and Cholamandalam Investment and Finance Co. had already announced that they would not be setting up the bank. Tech Mahindra said it would look to surrender its payment bank license to the Reserve Bank of India. The RBI had initially received 41 applications to start a payment bank in February 2015 and Tech Mahindra drops plans to start payments bank issued 11 final in-principle licences in August. Stay on top of business news with The Economic Times App. Download it Now! RELATED COMPANIES EXPAND Tech Mahi… Budget 2017: Can Arun Jaitley make you & economy happy? Click for our special Budget 2017 coverage Live Market News Portfolio Mobile Live TV Newsletter Commodities Speed QnA Blogs Alerts RSS Other Times Group news sites Living and entertainment Hot on the Web Services Times of India | इकन��मक ��इम्स Timescity | iDiva | Zoom | Income Tax Slabs | Budget 2017 ads2book |
    [Show full text]
  • General Motors Plans to Launch 10 Electric Cars in China by 2020
    ET Home › News › International › Business Search for News, Stock Quotes & NAV's SENSEX NIFTY 50 GOLD (MCX) (Rs/10g.) USD/INR Download ET CHOOSE 04:05 PM | 19 MAY CREATE LANGUAGE PORTFOLIO MARKETS APP MARKET STATS 30,465 30.13 9,428 -1.55 28,648 -57.00 64.64 -0.21 ENG General Motors plans to launch 10 electric cars in China by 2020 BY AP | UPDATED: APR 22, 2017, 02.48 PM IST Post a Comment SHANGHAI: General Motors Co. plans to launch 10 electric and gasoline-electric hybrid vehicles in China by 2020, an executive said Friday, as automakers speed up the rollout of alternative vehicles under pressure from Beijing to promote the industry. GM will start production of a pure-electric model in China within two years, Matt Tsien, president of GM China, told a news conference during the Shanghai auto show. He said GM expects annual sales of 150,000 electric and hybrid cars in China by 2020 and possibly in excess of 500,000 by 2025. Ford Motor Co., Volkswagen AG, Nissan Motor Co. and other automakers also have announced aggressive plans to make and sell electric vehicles in China, the biggest auto GM, which competes with VW for the status of market by number of units sold. On Tuesday, GM unveiled a hybrid version of the China's top-selling automaker, reported 2016 sales Chevrolet Volt to be manufactured in China and sold under its Buick brand. rose 7.1 percent to a record 3.9 million vehicles. China's communist government has the world's most ambitious electric car goals, hoping Big Change: The end of Five-Year Plans: All you need to know both to clean up smog-choked cities and to take a lead in an emerging industry.
    [Show full text]
  • Tobacco Industry Dissatisfied Over Non-Inclusion in FCTC COP 7 - the Economic Times Page 1 of 1
    Tobacco industry dissatisfied over non-inclusion in FCTC COP 7 - The Economic Times Page 1 of 1 You are here: ET Home › Industry › Cons. Products › Tobacco Search for News, Stock Quotes & NAV's SENSEX NIFTY 50 GOLD (MCX) (Rs/10g.) USD/INR Download ET CHOOSE 11:17 AM | 08 NOV CREATE LANGUAGE PORTFOLIO MARKETS APP MARKET STATS 27,466 7.33 8,500 2.65 30,124 46.00 66.70 -0.04 ENG Tobacco industry dissatisfied over non-inclusion in FCTC COP 7 By ET Bureau | Updated: Nov 07, 2016, 05.31 PM IST Post a Comment KOLKATA: The Indian tobacco industry expressed its dissatisfaction for non-inclusion of the industry in the seventh session of WHO Framework Convention on Tobacco Control (FCTC) COP 7 which began on Monday at Greater Noida. The event is vital for the industry since here decisions are taken on future tobacco control policies and regulations that countries should adopt. It is attended by representatives of the FCTC signatory countries, NGOs and anti-tobacco activists, amongst others. “It is unfortunate that the industry stakeholders and tobacco farmers whose livelihood will be affected by the decisions at this conference have not been allowed to participate in the conference. It is disappointing that WHO and the Indian government did not respond to the TII said the participation of stakeholders is essential to ensure that the farmer and industry view point on various issues arising pleas of the industry stakeholders and tobacco farming community seeking participation in out of the COP7 Agenda is taken cognizance of. the COP7 meeting,” said a release issued by the industry body, The Tobacco Institute of India (TII).
    [Show full text]
  • ENIL Corporate PPT Feb 2009
    IDFC SSKI Emerging Stars Conference 2009 February 5, 2009 1 Disclaimer Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in our business segments, change in governmental policies, political instability, legal restrictions on raising capital, and unauthorized use of our intellectual property and general economic conditions affecting our industry. ENIL may, from time to time, make additional written and oral forward looking statements, including our reports to shareholders. The Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company. 2 Presentation Path • Times Group • Indian Media Industry • ENIL Overview • Financial Highlights • Strategic Direction 3 Times Group 4 Corporate Structure Bennett Coleman & Co. Limited Publishing Division Times Internet Times Global Private The Times of India Limited Broadcasting Treaties The Economic Times Navbharat Times indiatimes.com News Channel – Maharashtra Times Times 58888 Times Now Sandhya Times Infotainment Business News Times of Money Vijay Times Media Limited – ET Now Zoom Entertainment & Retail Entertainment
    [Show full text]
  • Maharashtra Starts Industry Rating to Check Emissions
    ET Home › News › Politics and Nation Search for News, Stock Quotes & NAV's SENSEX NIFTY 50 GOLD (MCX) (Rs/10g.) USD/INR Download ET CHOOSE 04:05 PM | 05 JUN EOD CREATE LANGUAGE PORTFOLIO MARKETS APP MARKET STATS 31,309 36.20 9,675 21.60 29,030.00 159.00 64.36 ­0.08 ENG Maharashtra starts industry rating to check emissions BY IANS | UPDATED: JUN 05, 2017, 02.45 PM IST Post a Comment By Vishal Gulati NEW DELHI: In a first in India, industries in Maharashtra will be on regular monitoring of particulate matter and other air pollutants and they will get government rating based on their emission levels. For this, the Maharashtra Pollution Control Board (MPCB) on Monday released a first­of­ its­kind five­star rating system that aims to identify and share information on pollution with the public and the respective industry. June 5 is World Environment Day. Researchers from the Abdul Latif Jameel Poverty Action Lab (JPAL), the Energy Policy The Maharashtra star­rating programme is the first Institute at the University of Chicago, Yale University and the Evidence for Policy Design initiative in India that makes available data from at Harvard University have worked closely with the MPCB to develop the project that aims approximately 20,000 industrial stack samples over multiple years. to use technology to minimise the health and environmental hazards. Big Change: Similar programmes have been launched in the US, Canada, China, Ghana, the The end of Five­Year Plans: All you need to know Philippines and Ukraine. "Each industry is rated based on the concentration of fine particulate pollution coming from their smoke stacks," Anant Sudarshan, India Director of the Energy Policy Institute at the University of Chicago (EPIC­India), told IANS.
    [Show full text]
  • Bennett, Coleman & Co. Ltd
    Bennett, Coleman & Co. Ltd. Bennett, Coleman & Co. Ltd. is the largest media group in India, owned by the Sahu Jain family, also known as The Times Group. It is best known as the publisher of English daily The Times of India. This company, along with its other group companies, are more popularly known as The Times Group, which also publish The Economic Times (a leading financial broadsheet), Mumbai Mirror, Bangalore Mirror, the Navbharat Times (a Hindi daily broadsheet), Sandhya Times, and the Maharashtra Times (a Marathi daily broadsheet). It publishes general interest magazines like Femina and Filmfare. The Times Group has very recently added TIMES NOW a 24-hour English news channel to its chain of news organisations. TIMES NOW is a collaboration between Times Group and Reuters. It owns Radio Mirchi, a popular FM Radio brand in India and Indiatimes, a popular Indian portal. It also launched a real-estate speciality portal MagicBricks that brings property buyers and sellers (for both land & various types of constructions) onto a same collaboration platform. It also has a job portal called "Timesjobs" and a matrimonial portal called "Simplymarry". It has recently introduced a new venture called goodlife world, where all the products of BCCL comes under one roof. Bennett Coleman & Co. Ltd. has an open programme whereby it enters into pacts/agreements with approximately 100-odd companies (www.privatetreaties.com). Under the pact, which is called a Private Treaty, Bennett Coleman & Co. Ltd. buys shares of small and fast-growing companies in return for guaranteed advertising and, quite obviously, favourable coverage in the Times publications.
    [Show full text]