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Hey Chitti! please take my order Pocket Therapist finds mention in Forbes When Chennai became Venice Force Motors’ two new SUVs Metro chugs the green way State VAT leads to inflation: a study Bewailing monsoons the new fad Safe Trac-keeps track on your safety Coimbatore backs up for Chennai A praiseworthy peer recognition I know nothing else but cinema... City Corner-June A sweet marketing splash by Pattappas Prithika Yashini takes charge... Arnold visits Chennai Raj Bhavan opened the gates for public Google street view’s India competitor It is not only your noodle... The auto gets a remake Hawker’s paradise gets a permanent place Tamil Nadu Premier League launched Outlays and outcome – the long gap Water wars begin The sweet tooth of the city K7’s Entrepreneurial Odyssey Presto! Bravo! Working space for women by woman The sweet killer Read before you buy... He made Ranganathan Street so crowded... Ennore Port excels Sathyabhamasat propels ahead A feast for book worms Frontier Mediville attracts Japanese investments Green energy, not really green? Missing, but not missing the top spot Meters return to the metro Aviation sector to grow three times... Chennai soon to get an Aerospace Park Nilam threatens the city The 20-year itch of Hindujas ends Realty bytes Yes, you are safe! Chennai teachers rank low Education a cause of concern Colourful welcome at the Saidapet station This dabba has a cure for all your ailments Apollo targets a third of CV tyre market Cricket comes calling to Chennai Metro mania Keep in touch, anytime anywhere Overflowing garbage How to roast 45 human beings alive 377 yet young The underground don zips through Must visit of 2014 Tambaram tracks…. The curious case of Evgenii Berdnikov Metro chugs through the city Know the start-ups in the city Technologists to rescue Murugappas-focus on consolidation CMRL takes off till airport Boozing and driving Maruti Suzuki wins NIQR award Mexico opens Consulate in Chennai TTV stumps all Technology handshakes with sanitation Book your water tanker Black outs will be knocked out Perplexing communications Chevrolet Sail U-VA Launched Need for an integrated approach to medicine Doing business is not so easy in Chennai Chennai airport to become solar-powered Kollywood’s Mahabharatha Chennai, the noisiest city 60 years of cultural and economic ties India’s first online-only bicycle brand Building highs and lows Chennai Silks in flames Car-free Bessy Planning the right energy Million landmark and Rs. 200 crore influx by Yamaha Online approval of layout plans International conference on saving energy, environment Chennai to Bengaluru as quick as pizza delivery Star studded city Is Chennai now the accident capital? Medical miracle! Vanakkam Chennaiyin FC Chennai Metro looking for revival The worst is yet to come A new technique to treat dry sewage Indian media-operators of democracy North Chennai booms It’s so cool! Yamaha in the news Two friends trigger a change India’s first 3D Museum From trash land to tourist spot City Corner City Corner - Chennai Talk your way and land in a job A skinny affair City Corner Self-sufficiency in dredging... Chennai gets its Imax Engineering colleges lose lustre A budget that butted into deficit Thrills for the holiday season SGRI – a global research centre for building materials The sunshine and the shadow side of this digital era When the crowd will miss the roar An industry institution link… Paranjoy on crony capitalism When Marina became the Tahrir Square Indian of the Year Water woes Chennaites lose 7 crore to debit card frauds Reality Check
 
A budget that butted into deficit

Chennai is becoming big; its budget and deficits become bigger. The Chennai Corporation Mayor, Saidai Duraisamy presented the annual budget that estimated the deficits to skyrocket from just Rs 1.2 crore last year to Rs 104.21 crore this year.

So wondering about what happened to the pedestrian zones, cycle lane, parks, rain water harvesting and several solar energy projects?  It is just one among the more than half of the 132 projects announced last year that still stand incomplete!

With elections ahead, the government has not revised property taxes and this has taken a toll on the revenues of the local body. With an estimated revenue of Rs 5019 crore, the Corporation borrows from several agencies: Rs 50 crore from TUFIDCO, Rs 350 crore from TUFIDCO-MIDF, Rs 100 crore from TNUDF-KfW, Rs 100 crore from HUDCO, Rs 250 crore from the World Bank, Rs 250 crore from ICICI Bank and Rs 300 crore from Indian Bank. This has shot up the loan component to Rs 1020 crore from Rs 546 crore last year. Coupled with this is the interest to be paid on loans of Rs 138.15 crore. This budget has seen a cut in capital expenditure.

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