Chandigarh 28 February 2018:
The Budget meeting of Market Committee, Chandigarh was held today in the office room of Chairman, Market Committee. The meeting was chaired by Sh. Kulwinder Singh Lubana, Chairman, Market Committee. The budget of the Committee for the financial year 2018-19 was presented by Sh. Manoj Kumar Sharma Secretary, Market Committee Chandigarh. The meeting was attended by Sarv Sh. Gurpreet Singh, Vice-Chairman, Sh. Ramvir Bhatti, Member, Sh. Sunil Gupta, member, Sh. Harjeet Singh, member, Sh. Subhash Chander, member and representative of the official member. The budget of the Committee was approved unanimously for the financial year 2018-2019. The salient features of the budget are as under:-
Opening Balance as on 31-1-2018 Rs. 95,08,495/-
Total Proposed income Rs. 10,73,22,500/-
(2018-2019)
Total funds available Rs. 11,68,30,995/-
Total Proposed expenditure Rs. 12,62,15,800/-
(2018-2019)
Budget Deficit (-) Rs. 93,84,805/-
The split up of major expenditure is as under:-
Office Establishment 3,22,00,000-00
Contingency 3,67,85,000-00
Leave encashment / DCRG/Pension
Contribution/ Ex-gratia/ Medical
Reimbursement/ Payment for GIS 1,30,00,000-00
Contribution to Board 3,66,20,800-00
Loan and Advances 3,00,000-00
T.A./D.A./Hon./LTC 2,00,000-00
Audit Fees 15,00,000-00
Refunds 3,00,000-00
Works – Development / Maintenance 30,00,000-00
Amenities for farmers 10,00,000-00
There is an increase of Rs. 2,05,09,600/- in the budget outlay of Market Committee, Chandigarh this year as compared to the previous year. The income target has been increased from 8.95 Crores to 10.78 Crores.
