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Development Summit Noida

Last updated: June 24 2012
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  • Development Summit Noida

    Saw Development Summit Noida on CNBC. UP Govt's minister's reactions and comments on Noida and Greater Noida were very negative. Minister said clearly that Noida, Greater Noida has been given undue priority and cash flows meant for UP were diverted to development of only Noida.

    He further said that his govt will look to development of rural areas where farmers are instead of Noida Greater Noida. He was like people in Noida have generators so let them use them - on a question for electricity problems in this region.

    We know that new Govt is in a ego clash mode over Noida and guess its clear indication of halt of development of this area from govt side. Without Govt support how far will the builders take the development on their own?
  • #2

    #2

    Re : Development Summit Noida

    [QUOTE=memnew7;463347]Saw Development Summit Noida on CNBC. UP Govt's minister's reactions and comments on Noida and Greater Noida were very negative. Minister said clearly that Noida, Greater Noida has been given undue priority and cash flows meant for UP were diverted to development of only Noida.

    QUOTE]

    Its our ill fate that we are residing in a state (UP) where the govt is ruled by road side gundas. You can see the intellect of most of UP ministers. They all are grown up from gali level gunda-gardee.

    Jab ye baat karte hain to sharm aati hai kee ye log hamare aur hamare bacchon ke bhavishya kaa faisala karenge... ein logon kee development aur modernization kee samajh dekh kar do jute laganein ko man karta hai...Ek aam insaan mein bhi apani jimmedari kee thodi si samajh hoti hai.. ein logon kee besharmee ke to had hee ho gayee.....

    I mean " are yaar paisa khao, lekin desh kee janta ke liye thoda sa to socho". Frustrating. UP & Bihar are hope less. Other states are also not so good, but atleast logon ka mental & intellectual level thoda theek hai...90% population of these states doesn't have basic common & civic sense...Aadhe se jyaada logon kaa to "Muawajaa.. compensation" ne dimagh kharab kar rakha hai....pis rahe hain hum service clas log... hamara tax kaa paisa kisanon ko jaa raha hai or hamari property kaa paisa neta logon kee jholi mein jaa raha hai...aur hum khush hotein hain 20% appreciate ho gaya.. 25% appreciate ho gaya ... Gha....ta

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    • #3

      #3

      Re : Development Summit Noida

      the minster is patently wrong on his assertion that any cash flows meant for UP were directed towards Noida or any undue priority was given. He is willfully making false statements as a rhetoric for the poor voters of UP.

      Facts are:

      That the Development Authorities in various towns of UP are established as per legislative acts and they have their own source of revenue and expenditure.

      Every penny that is spent by Noida Authority is from the revenue that it generates, primarily by sale of Land in NOIDA (not Barabanki). Their is no "Grant" that UP Govt provides to NA. Noida Auth (and similarlly GDA, GNIDA) has its own Budget which its own revenue and exp.

      On the other hand, revenue collected by state revenue department (sale of stamp papers, sales tax, entertainment tax and many more) accrues to the state Govt and not to the Noida Authority. Needless to say that Gatuam Budh Nagar is the highest revenue District of UP and hardly any portion of this revenue contributed comes back to Noida. Even expenses like building police stations, fire tenders, buying cars for Police are funded by Noida Authority and not by the state Police and this is unparalleled in India because UP State Govt has always seen Noida as a milch cow.

      So contrary to what the minister said, it is Noida which is sending money to state and not vice versa.

      I know this argument is also made for cities like Mumbai but it is bunkum. Mumbai is highest tax contributing region for India BUT that is because most companies are headquartered in Mumbai and pay their direct and indirect taxes there although they are making money for all over India. So Mumbai happens to be just a channeling point and not revenue generating point whereas in case of Noida, the revenue generated is entirely from the economic activities within Noida, especially the one which is generated by Noida Authority. Note that tax paid by companies headquartered in Noida goes to Central Govt and not to the Noida Authorty or the UP State Govt.

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