{"id":10978,"date":"2024-06-14T14:53:06","date_gmt":"2024-06-14T14:53:06","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=10978"},"modified":"2024-06-14T14:53:06","modified_gmt":"2024-06-14T14:53:06","slug":"9k-cr-funds-lapse-in-pwd-for-last-fiscal","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/9k-cr-funds-lapse-in-pwd-for-last-fiscal\/","title":{"rendered":"9k-cr funds lapse in PWD for last fiscal"},"content":{"rendered":"<p>The public works department (PWD) ended up surrendering close to Rs 9,000 crore back to the government, which is one-third of itsbudgetof Rs 27,140 crore during the 2022-23 fiscal year.<\/p>\n<p>Though returning the unspent amount iscommonfor various government departments every financial year, in PWDs case the lapsed amount has gone up significantly instead of going down.<\/p>\n<p>During the last fiscal year, PWD was able to exhaust Rs 8,914 crore out of Rs 27,140 crore which translates to 33% underutilisation. Before that during 2021-22 fiscal year out of Rs 23,562 crore that had been provisioned for strengthening and improving road <a href=\"https:\/\/exam.pscnotes.com\/network\">Network<\/a>, building new bridges and constructing important government buildings and structures, the department was unable to spend about Rs 7,000 crore (30% underutilisation). So, while the overall objective was to improve road connectivity to bring down the commute time between towns and cities, several works were delayed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The public works department (PWD) ended up surrendering close to Rs 9,000 crore back to the government, which is one-third of itsbudgetof Rs 27,140 crore during the 2022-23 fiscal year. Though returning the unspent amount iscommonfor various government departments every financial year, in PWDs case the lapsed amount has gone up significantly instead of going &#8230; <a title=\"9k-cr funds lapse in PWD for last fiscal\" class=\"read-more\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/9k-cr-funds-lapse-in-pwd-for-last-fiscal\/\" aria-label=\"Read more about 9k-cr funds lapse in PWD for last fiscal\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1089],"tags":[899],"class_list":["post-10978","post","type-post","status-publish","format-standard","hentry","category-uttar-pradesh","tag-19-04-23"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>9k-cr funds lapse in PWD for last fiscal - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/9k-cr-funds-lapse-in-pwd-for-last-fiscal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"9k-cr funds lapse in PWD for last fiscal\" \/>\n<meta property=\"og:description\" content=\"The public works department (PWD) ended up surrendering close to Rs 9,000 crore back to the government, which is one-third of itsbudgetof Rs 27,140 crore during the 2022-23 fiscal year. Though returning the unspent amount iscommonfor various government departments every financial year, in PWDs case the lapsed amount has gone up significantly instead of going ... 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Though returning the unspent amount iscommonfor various government departments every financial year, in PWDs case the lapsed amount has gone up significantly instead of going ... 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