Keeping in mind the end goal to
accelerate metro ventures being executed in the national capital,
Delhi government has chosen to develop a without interest advance of
Rs 1,546 crore to DMRC, unwinding the current standards.
According to existing standards, Delhi
Metro Rail Corporation (DMRC) needs to pay VAT on buy of each thing
amid the progressing undertakings to the city government, which later
repays the sum in the wake of confirming all buys.
Delhi Transport Minister Gopal Rai said
the administration will expand the credit of Rs 1,546 in three
portions - Rs 646 crore in 2015-16, Rs 450 crore in 2016-17 and Rs
450 crore in 2017-18-to the DMRC.
The choice was taken at a Cabinet
meeting led by Chief Minister Arvind Kejriwal on Wednesday.
"We used to repay the VAT sum paid
by the DMRC, yet the procedure would devour additional time and
regularly make delay ventures. Case in point, the administration had
repaid the VAT sum, which was to be paid in 2010 to Metro, in 2014.
According to the new administer, we will expand intrigue free advance
ahead of time which the Metro used to provide for the administration
in types of VAT," Rai said.
A senior authority said the DMRC will
now need to pay VAT on each buy to the city government, and
consequently for this, administration will extend an advance to the
metro. As of late, the AAP government concurred on a basic level
endorsement for development of Metro Phase-IV.
DMRC has set 2021 due date for the
stage IV extension, which would add 75 stations to the system. A sum
of 31.47 kms of new lines would be underground, while 64.39 km would
be hoisted. Delhi government has composed to DMRC, saying it will go
for the income sharing model received in the past stages.
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