https://www.taxtmi.com/news?id=34159 The Centre's sanctioned conditional loan under the Scheme for Special Assistance to States for Capital Investment 2024-25 for Wayanad rehabilitation requires utilisation by March 31 and forwarding released funds to implementing agencies within ten working days; delays attract interest at the weighted market-borrowing rate. The scheme bars parking of funds, duplication of capital project funding, and mandates central approval for unavoidable project changes, with misuse leading to deductions from future tax devolution. State officials criticize the short timeframe as impractical and plan to seek extensions or administrative relief while proceeding with rehabilitation. en-us Sat, 15 Feb 2025 13:16:03 +0530 Sat, 15 Feb 2025 13:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=34159 The Centre's sanctioned conditional loan under the Scheme for Special Assistance to States for Capital Investment 2024-25 for Wayanad rehabilitation requires utilisation by March 31 and forwarding released funds to implementing agencies within ten working days; delays attract interest at the weighted market-borrowing rate. The scheme bars parking of funds, duplication of capital project funding, and mandates central approval for unavoidable project changes, with misuse leading to deductions from future tax devolution. State officials criticize the short timeframe as impractical and plan to seek extensions or administrative relief while proceeding with rehabilitation. News - Sat, 15 Feb 2025 13:16:03 +0530 https://www.taxtmi.com/news?id=34159