Updated on Jun 19, 2019 09:09:07



36% Hike In Revenue In First Ever E-Auction Of Cattle Fair In Punjab

Revenue To Be Spent On Rural Veterinary Dispensaries And Development Of Villages-Rakhra

Shivdev Singh, Deputy Director, Mahinder Singh, Divisional Deputy Director, Gurvinder Singh Sarao, DDPO Mohali, Saudagar Singh, Law Officer and Harnarinder Singh Shergill, AGM IT and e-governance, Punjab Infotech monitoring the e-auction in front of screen installed at Udyog Bhawan, Chandigarh on May 29, 2014.

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5 Dariya News

Chandigarh , 29 May 2014

The Rural Development and Panchayat Department of Punjab today achieved a major milestone by clocking 36% increase in revenue in the first ever e-Auction of cattle fair in a most well organized transparent auction conducted here today. The e-auction that concluded at 1:00 PM today closed at Rs.50,00,50,000 (Rs. 50 crore) against Rs.35.21 crore earned in last auction.The e-auction was conducted here in the conference hall of Punjab Infotech at Udyog Bhawan in the presence of Auction Committee. All the aspirants were taking part in the auction through online system from different places in the state. There were total 7 participants, who took part in the auction. The auction, which was started at 10 am, took its stipulated time of three hours and concluded at 1pm sharp. Kunwarmahip Singh of Zirakpur won the auction at 12:59:56pm leaving behind his rival Amarjit Singh, who gave his auction amount of Rs. 48 crore at 12:59:47pm. Finally, with the more auction amount, Kunwarmahip Singh became a successful bidder.

Extending congratulations to the auction committee and successful bidder, the Rural Development and Panchayats Minister Mr. Surjit Singh Rakhra said it was commendable that the whole exercise was taken place in presence of electronic media and under complete videography. The Minister said that Punjab has earned revenue of Rs.50,00,50,000 (Rs. 50 crore), which would give a big boost to the ongoing development of rural belts in the state. He said this auction has registered an increase of 36 percent in the last year revenue of Rs. 35.21 crore. He said that the last year auction was valid for 11 months while this will be existed for only 10 months. He said that the successful bidder would have to deposit 25 percent of the total amount within two banking days and he would have to deposit advance installment before 25th of every month.Rakhra said threre were 42 mandis, where cattle fairs would be conducted by the successful bidder. He informed that this auction will be valid from June 1, 2014 to March 31, 2015. He said Rs. 38.52 was fixed as reserve price for the auction.The auction was successfully conducted under the supervision of Mr. Shivdev Singh, Deputy Director, Mr. Mahinder Singh, pisional Deputy Director, Mr. Gurvinder Singh Sarao, DDPO, Mohali, Mr. Saudagar Singh, Law Officer and Mr. Harnarinder Singh Shergill, AGM IT and e-governance, Punjab Infotech.


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