H I M A C H A L P R A D E S H |
Tuesday, July 28, 1998 |
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Raising of loans by electricity
board SHIMLA, July 27 Mr Prem Kumar Dhumal, Chief Minister, today assured the House that his government would ensure complete transparency and total accountability in raising of loans by the state electricity board. J&K militants foray Chamba DHARAMSALA, July 27 Reports of Jammu and Kashmir militants, infiltrating into the Kehar area of Chamba, adjoining Doda district and extorting money and ration from the local people have alarmed security agencies. River pollution on the rise |
Law and order in HP 'bad' SHIMLA, July 27 The Leader of the Congress Legislature Party (CLP), Mr Virbhadra Singh, today alleged that the law and order machinery had collapsed in the state and he demanded a discussion on the issue in the Vidhan Sabha. Decomposed body found Fake certificate racket busted |
Raising of loans by electricity board Tribune News Service SHIMLA, July 27 Mr Prem Kumar Dhumal, Chief Minister, today assured the House that his government would ensure complete transparency and total accountability in raising of loans by the state electricity board. Replying to the debate on resolution to enhance the borrowing limit of the board from the Rs 900 crore to Rs 1500 crore. He said the manner in which previous government raised loans through the board created doubts as there was no transparency in the process. However, his government would place every thing before the House and leave no room for suspicion in loan deals. Noisy scenes followed when Mr Virbhadra Singh, the Leader of the Congress group, sought a categorical assurance from the government that it would not pay any service charges or commission in arranging loans and that the board would utilise the funds for its own purpose. He said he was not opposed to raising the limit but wanted an assurance on this account because the BJP while in Opposition had been averse to the very concept of paying commission or service charges and it had been criticising the previous Congress government on this issue. Intervening in the debate, Mr J.P. Nadda, the Minister for Parliamentary Affairs, said as the Leader of the Opposition in the previous Vidhan Sabha, the issues raised by him regarding loans were that the funds would be used not for any purpose of the board but for the day-to-day running of the government. Besides, the Congress government did not maintain transparency in the matter and some facts were placed before the House only after his party raised the issue. Mr Dhumal alleged that the dealings of the Congress government were suspicious and Eider Services, one of the company which was paid commissions for arranging loans, was also given permission to set up an engineering college in the state. Participating in the debate, Mr Ram Lal said the Congress government had placed full facts before the House regarding loans and there was nothing surprising in the revelation that Rs 7.30 crore was paid as commission and service charges. He said the BJP government had virtually rendered the board defunct during its 33 months rule. Mr G.S. Bali said fresh loans should not be used for paying salaries or servicing of old loans. Mr Ravinder Ravi said that the Congress government had plunged the board into a debt trap by raising loans indiscriminately. The House also discussed the Budget proposals of the board for 1998-99. Highlighting the features of the Budget proposals, Mr Dhumal said the estimated revenue receipts for 1997-98 had been revised to Rs 447.95 crore for 1998-99 an increase of 21.18 per cent over the actual revenue receipts of the previous year. The revenue receipts for 1998-99 were estimated at Rs 500.69 crore. The net revised revenue expenditure for 1997-98 and the estimated net revenue expenditure for 1998-99 after capitalisation had been kept at Rs 355.25 crore and Rs 403.45 crore, respectively. Thus, there would be a gross operating surplus of Rs 92.70 crore during 1997-98 as per revised estimated while for 1998-99 it was anticipated to be Rs 97.24 crore. After allowing for interest payment to institutional creditors, state government interstate transmission lines loan (ISTLL) and depreciation, the net revised surplus for 1997-98 was estimated at Rs 18.47 crore whereas for 1998-99 the net surplus was expected to be Rs 8.60 crore. He said the drop in net surplus in the revised estimate for 1997-98 compared to the original estimate was primarily on account of heavy losses suffered by the board in two power stations Andhra and Nogli during floods in August 1997. The budget proposals provided for a plan expenditure of Rs 143.29 crore during 1998-99 against the revised estimates of Rs 115.20 crore for 1997-98. Capital expenditure on projects outside the plan, expenditure on joint sector projects and other capital expenditures together were estimated to be Rs 156.16 crore during 1998-99 including repayment of loans. A sum of Rs 89 crore had been set aside for the 126 mw Larji project and all efforts were being made to ensure the completion of this project, which was likely to cost Rs 667 crore, by 2002-03. The 22.5 mw Ghanvi hydel project being constructed at an estimated cost of Rs 95 crore was targeted for completion in the next financial year. A sum of Rs 55.20 crore was allocated for it. His government had adopted a policy of selective privatisation both through the joint venture route as well as 100 per cent private participation. Implementation agreements had already been signed for Dhamwari, Sunda (70mw) Malana (86 mw), UHL stage III (100 mw) and Neogal project (15 mw). The state government was now considering implementation of Parbati stage-II (800 mw) through a central public sector undertaking, he said. A sum of Rs 2.90 crore has been budgeted for Bassi, Chaba and Nogli power houses. The transmission and distribution losses in state currently ranged between 17 to 18 per cent and the board has drawn up a phased programme to reduce these to 15 per cent by the 2000-01. A provision of Rs 5.35 crore for system improvement schemes and Rs 47.40 crore for transmission and distribution scheme had been made. The board has already introduced the system of bijli adalats for redressal of grievances of consumers on the spot and to settle the disputes arising out of complaints regarding wrong billing. Mr Virbhadra Singh said government should not cancel the tenders for the 800 mw Kol dam as inviting fresh global bids would require a lot of time and delay the execution of project further. He said his government was planning to hand over the project to the NHPC but the state had a bad experience with this central agency in the past. Mr Kaul Singh expressed concern over the massive lost over runs in execution of projects and urged the government give priority to the UHL-III stage project. Dr Rajan Sushant cautioned the government against raising loans indiscriminately. He said the fact that the state would have to pay an interest of Rs 990 crore upto 2005 on loans of Rs 914 crore raised by previous government should serve as an eye opener. The annual interest liability had increased from Rs 180 crore in 1992-93 to Rs 640 crore in 1998-99 and it would be more than Rs 1000 crore after the repayment of principal amount commenced. |
J&K militants foray Chamba |
River pollution on the rise |
Law and order in HP 'bad' |
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