State Government Cuts Corporation Fund Allocation Amid Fiscal Year Pressure
1 report, 1 independent
Updated Sep 23
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What happened
The state government reduced its fund allocation for the corporation to ₹23.67 crore, which is currently being scrutinized by the opposition. The corporation has received only ₹7.89 crore of this allocation, after deductions totaling ₹1.97 crore for anganwadi workers' wages and land purchases.
From thehindu.com
Why it matters
The allocation was reportedly brought down from ₹133 crore during the previous government tenure. The corporation is currently using its own funds to execute works while awaiting the Central Finance Commission grant.
From thehindu.com
Who's involved
- stateThe state government responsible for providing administrative approvals and funding.
- corporationThe corporation that relies on state funding and approvals for its operations.
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The entities involved
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state
organised community living under a system of government; either a sovereign state, constituent state, or federated state
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corporation
legal entity incorporated through a legislative or registration process