Posted on 06 Jan 2006 # IANS
Mumbai needs new administrative system: Chidambaram
Mumbai: Finance Minister P. Chidambaram Friday said
Mumbai needed a new system of governance that
recognised the fact that it is the country's most
populated city.
... at "India Ahead: Tomorrow Matters"... conclave of
captains of Indian industry organised by Zee Business
and Videocon.
"We have announced an ambitious programme called the
National Urban Renewal Mission in which a huge sum of
money has been set apart to fund specific urban
projects."
In line with his budget promise made last year,
Chidambaram said he would provide funds as and when
the Maharashtra government came up with viable
proposals to develop Mumbai
http://www.newkerala.com/news.php?action=fullnews&id=80547
on 05.01.06
--- Nidhi Jamwal <nidhi@xxxxxxxxxxxx> wrote:
> You will get 50% stake in running Mumbai
>
> The government has decided to corporatise Mumbai's
> crumbling civic
> infrastructure so that the system does not remain
> hostage to rampant
> corruption. It has prepared a draft of a special
> purpose vehicle (SPV)
> proposing a three-way partnership between citizens,
> corporations and teh
> government to execute and maintain the city's
> amenities and introduce
> accountability. Citizens wuld hold 50 per cent stake
> in terms of share in
> the new arrangement. The rest would be divided
> between BMC, the MMRDA, and
> private financial institutions like IDFC and HDFC.
> This company would
> execute projects like road repairs, construction of
> pavements and public
> toilets, subways and foot-overbridges........
>
> Daily New and Analysis (DNA), Mumbai, Jan 2, 2006
>
>
> Nidhi Jamwal
> Correspondent
> DOWN TO EARTH
> 705, Panorama Tower
> Prathamesh Complex
> Veera Desai Road
> Andheri (West)
> Mumbai 400058
> India
> Mobile: +91-9867213234
> Email: nidhi@xxxxxxxxxxxx, nidhijamwal@xxxxxxxxx
> Website: www.downtoearth.org.in
> www.cseindia.org
>
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>
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>
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