Of 3 years and above whereas other banks who have

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of 3 years and above whereas other banks who have responded have quoted their rates at 6% p.a. for the same period. No bank has quoted for Certificate of Deposit. Quotations received on 10 th July, 2003 for Fixed Deposit. S.No. Name of Banks Period 3 Years & above 1. Allahabad Bank 6.00% 2. Andhra Bank Not quoted 3. Bank of Baroda Not - 21 -
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quoted 4. Bank of India Not quoted 5. Corporation Bank Not quoted 6. HDFC Bank Rs. 1 Crore < Rs. 5 Crores 6.00% 7. Indian Overseas Bank Rs. 1 Crore & above 6.00% 8. Oriental Bank of Com. Rs. 1 Crore upto Rs. 10 crores 6.25% 9. Punjab National Bank Rs. 1 Crore & above 6.00% 10. State Bank of India Rs.1 Crore & above 6.00% 11. Syndicate Bank (Sealed by Delhi Fire Service) 12. Union Bank of India 6.00% In view of the above, the investment sub committee decides to invest Rs. 6 Crores with Oriental Bank of Commerce, E-Block, Harsha Bhawan, Connaught Circus, New Delhi at their highest quoted rate of interest @ 6.25% p.a. for a period of 3 Years and 2 days. DIRECTOR (P-I) DIRECTOR(ACCOUNTS) DIRECTOR (COMMERCIAL) - 22 -
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ITEM NO. 3 (V) (C-20) ANNUAL ADMINISTRATIVE REPORT FOR THE YEAR 2002-03 . Section 410 of NDMC Act, 1994, provides that Council shall submit to the Government, a detailed report of the Municipal Government of New Delhi, during the preceding year, in such form as the Government may direct. It further provides that Chairperson shall prepare such report and the Council shall consider it and forward the same to the Central Government with its Resolution thereon, if any. The Annual Administrative Report of the Council for the year 2002-03 has been prepared and is annexed (See pages 24 - 45). No directions from the Government regarding format of the report have, however, been received. The Case is laid before the Council for information and consideration. COUNCIL’S DECISION Information noted. - 23 -
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NEW DELHI MUNICIPAL COUNCIL PALIKA KENDRA: NEW DELHI ANNUAL ADMINISTRATIVE REPORT – 2002-03 . It was on 12 th December 1911 that the transfer of the seat of the Government of India from Calcutta to Delhi was announced. After detailed examination, survey and debate, Raisina Hill was selected as the most appropriate site for the Viceregal palace and the area East, North and South of it chosen for the new capital. Edwin Lutyens and his compatriot Herbert Baker built the new capital of India to be known as New Delhi. The “Raisina Municipal Committee” was established in 1916 to cater to municipal needs of the labour engaged in the construction of new capital in 1925, the then Chief Commissioner, Delhi upgraded it to the level of a “Second Class” municipality under the Punjab Municipal Act, 1911. Around this time it was known as “Imperial Delhi Municipal Committee”. In 1927, it was named “New Delhi Municipal Committee” and in 1932 it became a “First Class” municipality. In May 1994 the NDMC Act, 1994, replaced Punjab Municipal Act, 1911, and the committee renamed as New Delhi Municipal Council.
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