Apportionment of fund share determined by government constituted Committee, reallocating Central Road Fund into Road and Infrastructure Fund. Clause 203 renames the Central Road Fund as the Central Road and Infrastructure Fund and expands its scope to include railways, State and rural roads and other infrastructure. It inserts a new Schedule II listing eligible project categories and authorises the Central Government to amend that Schedule by notification. Additional duties on motor spirit and diesel under the Finance Act, 2018 are deemed cess credited to the Fund. A Government constituted Committee headed by the Finance Minister will finalise apportionment of the Fund, and the Central Government is empowered to administer, allocate and monitor Fund investments and releases to States.
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Provisions expressly mentioned in the judgment/order text.
Apportionment of fund share determined by government constituted Committee, reallocating Central Road Fund into Road and Infrastructure Fund.
Clause 203 renames the Central Road Fund as the Central Road and Infrastructure Fund and expands its scope to include railways, State and rural roads and other infrastructure. It inserts a new Schedule II listing eligible project categories and authorises the Central Government to amend that Schedule by notification. Additional duties on motor spirit and diesel under the Finance Act, 2018 are deemed cess credited to the Fund. A Government constituted Committee headed by the Finance Minister will finalise apportionment of the Fund, and the Central Government is empowered to administer, allocate and monitor Fund investments and releases to States.
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