Delhi Speeds Up Local Projects With Fund Reforms

05 Aug 2025 CW Team

To accelerate infrastructure development, increase transparency, and eliminate financial bottlenecks, the Delhi government has introduced reforms to the Chief Minister Development Fund (CMDF) and the MLA Local Area Development (MLALAD) Fund, Chief Minister Rekha Gupta announced on Thursday.

Under the revised policy, the Municipal Corporation of Delhi (MCD) is now authorised to execute development projects using CMDF and MLALAD funds. Previously, such works could only be undertaken by the Irrigation and Flood Control Department (I&FC) or the Delhi State Industrial and Infrastructure Development Corporation (DSIIDC), which often prioritised larger projects and caused delays in smaller-scale works.

“This change allows the municipal corporation to address minor development needs more efficiently,” Gupta said in a statement.

She added that the reforms also streamline the fund disbursement process. Now, 10 per cent of the estimated cost will be released at project approval, while another 40 per cent will follow once necessary documentation is submitted, making up 50 per cent of the tender value. The remaining 50 per cent will be disbursed upon project completion.

Officials noted that this approach will reduce payment delays to contractors and construction firms. Gupta emphasised that since taking office, her government has prioritised the revival and acceleration of local development projects and identified procedural hurdles that, once removed, can lead to faster execution.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..