Akhilesh withdraws car bonanza for MLAs

Says most MLAs have decided not to take the offer after media hype

PTI | July 4, 2012



Under attack from the Opposition, UP Chief Minister Akhilesh Yadav on Wednesday made a U-turn on his decision to allow MLAs to purchase four-wheelers worth up to Rs 20 lakh out of their local area development fund.

"I take back the decision now. I take back the whole decision... The reason behind this is that most of the MLAs have decided not to take the offer after the media hype," he told reporters at his residence here.

Seeking to defend the move to allow MLAs to buy four-wheelers worth upto Rs 20 lakh and pay their depreciated value after five years to retain them, he said, "There are many MLAs who can't afford cars...The order was not for all, it was not compulsory for everyone to take the offer.

"There are some MLAs who use 7-8 year old cars to go around their constituencies," he noted.

The announcement in the state Assembly by the Chief Minister yesterday had sparked protests from BJP, BSP and Congress leaders who said the move would send a wrong message as the money to be used for buying the vehicles would come from MLAs' local area development fund.

The Chief Minister had said, "Despite a financial crisis, the SP government has fulfilled all the promises it made in the party manifesto in the budget. MLAs are allowed to purchase vehicles upto Rs 20 lakh from their local area development fund".

He had said that value of the vehicle will be depreciated every year and at the end of five years, the MLAs could deposit the depreciated amount to retain the vehicle or otherwise hand it over to the government.

"This will help MLAs who do not have money to buy a vehicle", Yadav had said, adding the government would not pay for maintenance of the vehicle.

He had also announced the decision to hike the MLA fund by Rs 25 lakh from Rs 1.25 crore to Rs 1.50 crore.

Comments

 

Other News

UPI completes 10 years of digital payments revolution

The Unified Payments Interface (UPI), launched on August 25, 2016 by the National Payments Corporation of India (NPCI) under the regulatory oversight of the Reserve Bank of India (RBI), has completed 10 years of transforming digital payments in India. UPI has emerged as the backbone of India’s digi

Here’s an I.D.E.A. for career growth and success

Success in today’s professional organisation is no longer solely determined by academic qualifications, technical expertise or years of experience. While these attributes do matter, organisations increasingly value individuals who demonstrate the right mindset and behavioural qualities. The ability

PM interacts with CEOs, founders of space startups

Prime minister Narendra Modi interacted with CEOs and Founders of 20 Space Startups at Seva Teerth on Friday.   CEOs of leading companies in the space sector working in diverse fields ranging from building rockets and reusable semi-cryogenic launch vehicles, avionics, satelli

From one cow to a dairy business

In 2012, Anita Dash wasn`t dreaming of building a dairy brand. She wasn`t studying business models or planning market expansion. Like countless mothers across India, her focus was on something much simpler: giving her children a better future.   At the time, her most valuable

Ethanol blending: The two sides of a story

India`s crude oil consumption is estimated to be around 88.5% imported from abroad. This one single figure is also responsible for why ethanol has become both an economic strategy and fuel policy at the same time. In an economy like India, which depends so heavily on foreign oil, any increase in internat

Food inflation: Not a macroeconomic statistic but a developmental indicator

India`s retail inflation shows a reassuring picture at first glance. According to the latest data, Consumer Price Index (CPI) inflation edged up to 4.38% in June 2026 from 3.93% in May 2026, but continued to remain within the Reserve Bank of India`s (RBI) target band of 4% (+/- 2%). However, beneath this

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter