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Skewed Economic Zones? Tax evaders’ get out of Jail-Free Card Need plan over the long term planning INDIA keeps its date with destiny Policy Makers Star of the South Welcome move to widen the tax net… How will it PAN OUT Strategic planning the missing link Little surplus after salaries, subsidies and debt servicing If not Tamil Nadu, where else? Focus on agriculture and human resources 1800 parties registered with EC – Less than 60 contest elections Public investments and welfare will surge A dual GST that will protect prosperous states Pool energy prices Make way for Make in India... Tryst with GST When the examiner cheated... Low profile moves Weaving wealth of western Tamil Nadu The deluge and the several kindly souls A tale of two Bihar babus Welcome rains for damaged roads... Sardar Sarovar – the seventy year itch It’s raining funds for states. Really? Much can be done by us South India’s 100 most valuable companies Jobs - Lost, Changed or Gained Ganesh’s mantras The Great Fall Much ado about nothing Healthy finances of the Chennai Corporation Research for survival... Why (not) abolish? Two welcome measures from the chief minister... Economy through the month Miles to go... Breaking news or breaking credibility? Welcome Measures. Work for 10X Change CAD and the emergency thereof They add lustre to Padma Awards Wanted: decentralised financial system An eventful week with VVIPs of Delhi TN - so much to offer... An eco-friendly commute in Mysuru In the horns of a dilemma Babes In the wood-RBI North block has little clue to curb inflation Sowing seeds of hope Indian GST – Between extremes… Land, land everywhere, but... Industry can’t get it from Mars, yet Cleansing Indian retail A gratifying record After all, customer is the king A blueprint for the future Better relations with UK... Deming awardees galore! Well-administered State Reform this licence to…kill You too T M Krishna? MS Installed No groundnuts in groundnut oil! CSR, tech revolution and bank crisis Babes In the wood-RBI North block has little clue to curb inflation BJP can now hasten its thrust for reforms What the big B should offer? Need for radical RBI reform PC please be our Santa Oh my GOLD Chennai Airport-Ready for a rapid take off... Focus on southern TN... Technology and economic development should be linked Trail-blazing Tamil Nadu Why throw baby with bath water? A Fine division of responsibilities A historic indirect tax reform Truce at Kasturi Buildings Sustainably developing manufacturing sector… Outward ho Rail-road Rajaraman Kudos to GIM organisers...
 
Healthy finances of the Chennai Corporation
The budget for 2014-15 of the Corporation of Chennai presented by Mayor Saidai S Duraisamy has proposed to go for public-private partnerships in select Corporation schools. IE had mooted this idea over a year ago and spent considerable efforts and time with the Mayor and other senior officials.

For long, the finances of the Corporation of Chennai did not compare well with those of its counterparts at Delhi or Mumbai. The budget for 2014-15 marks a quantum jump in revenues and expenditure, each of around Rs 4200 crore. The estimated capital expenditure of Rs 2000 crore with roads and parks accounting for Rs 1301 crore appears healthy.

Proposals for multi level parking lots, construction of bridges and grade separators, attention to solid waste management, education and family welfare are especially welcome. However, outlays have not been matched by outcomes. A Times of India report mentions the inability of the Corporation to spend 69 per cent of the amounts allocated last year to various departments.

There is a constant complaint of the poor quality

of projects executed. Even concrete roads that are supposed to last a few decades are found to be of poor quality with cracks and pot holes developing within months of laying. The popularity of Amma Canteens is leading the Corporation setting up Amma Theatres that will offer tickets at much lower prices than private cinema houses. There is an attempt to go for more of Corporation-run enterprises. In the light of the poor record of Corporation schools, the civic body would do well to function as a facilitator.

 

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