Steady fall in utilisation of Plan funds by Shipping Ministry, says panel

May 19, 2015 10:52 am Published by

A parliamentary standing committee, in its recent report, has said that there has been a consistent decline in the utilisation of the 12th Plan funds by the Shipping Ministry, which, according to the panel, was only 55.45 per cent.

Describing the utilisation as “very low, just above the halfway mark”, the panel said in a statement, “The committee is clueless about how far the Ministry will be able to achieve its ambitious plan for capacity addition to ports by 1.53 times the existing capacity at the end of the 12th Plan.”

The Shipping Ministry had failed to plan or execute projects, which resulted in non-utilisation of 45 per cent of allocated funds, the panel said.

The port sector has less allocation in 2015-16 compared to the Budget expenditure of 2014-15 the panel added.

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