Amendment status not verified — confirm the current text below against the official source.
The Metropolitan Authority may make such regu- lations as it may think fit for the exercise of its powers and discharge of its functions under this Act. 4G of IS( The Calcutta Metropolitan Development Authori4 Act, 1970. tr 01970.] Reasons for the eneteisnent The Government of West Bengal had set up a high-powered planning body named the Calcutta Metropolitan Planning Organisation. This body in collaboration with the Ford Foundation formulated a detailed Basic Development Plan for the Calcutta Metropolitan District in 1966. This envisaged an investment of Rs.107 crores during first phase of five years. However, the State Government could not take up implementation of this. plan in the manner and to the extent proposed in this document. Com- paratively small allocations could only be provided for this purpose in the years preceding the Fourth Plan. _ Even in the Fourth Plan the programme for this area is of the order of Rs.43.0 crores. This was considered inadequate in view of the magnitude of the problems of the area. Keeping these in view a thorough- reappraisal was undertaken and it was decided that a massive development and recovery programme may be undertaken. In this context necessary schemes in various sectors were identified. These schemes totalled up to about Rs.146.0 crores. It was realisedtk.that for financing the envisaged accelerated programme existing plan provisions are inadequate and therefore additional funds would have to be found. With this end in view it was decided that octroi duty should be levied in the Calcutta Metropolitan Area. A *Bill-. called "the Taxes on Entry of Goods in Calcutta Metropolitan Area Bill, 1970" is already under consideration separately. The Bill envisages a percentage of the tax proceeds to be given by the State Government to an authority for the- purpose of financing development programmes and servicing of loans raised for the purpose. Further, it was considered necessary that additional funds may also be raised- by borrowings in the market. Since the Calcutta Metropolitan Area has a large number of municipal and other local authorities it was not considered feasible to let each of these bodies raise loans. Therefore, it was decided that a high-powered statutory body calle the- Calcutta Metropolitan. Development Authority be set up to raise suck loans and to act as the authority envisaged in the aforesaid Bill. In order-to, secure effective implementation of the Development Plan, it was felt that this authority may also perform the functions of formulation of plans, co-ordination of their execution and supervision of such development projects as are financed by it. The present Bill incorporates these objectives. The Committee constituted under the proviso to sub-section (2) of section 3 of the West Bengal State Legislature (Delegation of Powers) Act, 1970 (17 of 1970) has been consulted before enactment of this measure as a President's Act. *Since enacted as the Taxes on Entry of Goods into Calm* Metropolitan Area Act, 1970 (president's Act 18 of 1970). WBGP-70/71-2228A-532