Smart City Mission gets ₹100 crore; corporation may get finance officer

The Smart City Mission has got a budgetary allocation of ₹100 crore. Announcing the allocation in his Budget speech, Finance Minister Thomas Isaac expressed the hope that besides Kochi, Thiruvananthapuram would be included in the Smart City scheme.

The ₹100 crore would be counted as the State share for the project.

Mr. Isaac also earmarked ₹150 crore as as the State’s contribution towards the Atal Mission for Rejuvenation and Urban Transformation.

The long-standing demand of the Kochi Corporation for a finance officer in the local body may materialise shortly as the Finance Minister has made a suggestion to this effect in his speech.

Going by the Budget speech, one post of a finance officer will be created in each corporation. In municipalities, it would be accounts officer. Chartered accountants would hold these posts, the Budget document said.

Source : http://www.thehindu.com/news/cities/Kochi/smart-city-mission-gets-100-crore-corporation-may-get-finance-officer/article17403215.ece

SMART GRID Bulletin November 2017


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