Friday, 31 July 2015

Central Road Fund

Details:

Established by the Parliament for funding the development and maintenance of National highways, State highways and Rural roads.

The Central Road Fund Act, 2000 gave the statutory status to the fund.

How is CRF financed?

By way of CESS, a duty of excise and customs on petrol and high speed diesel oil.

What is CRF money used for?
Development and maintenance of National highways, State roads, Rural roads and for provision of road over/under bridges and other safety features at unmanned Railway Crossings.
Criticism:
  • unutilized
    • southern states better 
  • slow progress and low proposals 
  • inappropriate allocation and mismanagement of CRF

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