Bringing much needed relief to the cash starved East and North municipal corporation, the Aam Aadmi Party (AAP) Government on Tuesday told the Delhi High Court that it has decided to release over Rs 600 crore and Rs 400 crore to the East and North MCDs.
The fujds are being released in accordance with the recommendations of the fourth Delhi Finance Commission (DFC).
A bench of Chief Justice Rajendra Menon and Justice VK Rao was informed by the Delhi Government standing counsel Rahul Mehra that it will release Rs 632.05 crore and Rs 450 crore to East and North municipal corporations, respectively at the earliest.
The court asked the Delhi government to file an affidavit of compliance after releasing the funds to the MCDs and listed the matter for January 18.
It said the amount could be used for paying arrears of employees’ salaries and pensions.