Recently, the Ministry of Finance has amended the rules of the MP Local Area Development Scheme (MPLADS), where the interest received will be deposited in the Consolidated Fund of India.
Till now the interest received on this fund was added to the MPLADS account and could be used for development projects.
Today Current Affairs
Consolidated Fund of India:
According to Article 266(1) of the Constitution, all revenues received by the government, such as customs duty, excise duty, income tax, estate duty, other taxes and duties and money received from the collection of loans given by the government, all of them are deposited in the Consolidated Fund.
Similarly all loans taken by the government through public notification, treasury bills (internal debt) and foreign governments and international institutions (external debt) are deposited in this fund.
All Government expenditure is met from this fund (except for extraordinary items which relate to Public Account Fund or Public Fund) and no amount can be withdrawn from the Fund without the authorization of Parliament.
MPLAD Scheme : The Hindu Analysis
MPLAD is a central sector scheme which was announced in December 1993.
Objective : The Hindu Analysis
Enabling MPs to recommend works of developmental nature with emphasis on creation of durable community assets, mainly in the areas of drinking water, primary education, public health, sanitation and roads etc. in their constituencies. The Hindu Analysis
Since June 2016, MPLAD funds have been used in the implementation of schemes like Swachh Bharat Abhiyan, Sugamya Bharat Abhiyan, water conservation through rainwater harvesting and Sansad Aadarsh Gram Yojana etc.
Execution : The Hindu Analysis
The process of MPLADS begins with members of parliament recommending works to the nodal district authority.
The concerned Nodal District is responsible for implementing the works recommended by the Members of Parliament and details of the works executed and the amount spent under the scheme.
Working Method : The Hindu Analysis
Under MPLADS, an amount of Rs 5 crore is disbursed to the Members of Parliament (MPs) in two installments of Rs 2.5 crore every year. The amount allocated under MPLADS is non-lapsable.
Lok Sabha MPs are recommended to spend this amount in District Authority Projects in their Lok Sabha constituencies, while this amount is used by Rajya Sabha Parliaments in the territory from which they are elected.
Nominated members of Rajya Sabha and Lok Sabha can recommend business anywhere in the country.
Here we mention all information about MPLAD Scheme Today Current Affairs.
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