Chandigarh, Dec. 28 -- The Haryana Cabinet on Saturday approved the revision of the Indexation mechanism for the calculation of External Development Charges (EDC) of various potential zones in the state.

The meeting was held under the chairmanship of Haryana Chief Minister Nayab Singh Saini in Chandigarh.

The Indexation Policy was based on EDC rates for the year 2015 and these had not been increased for the last 8 years till date. Prior to the Indexation Policy, the EDC rates were increased by 10 per cent every year.

Accordingly, the Cabinet has approved the proposal to increase EDC rates by 10 per cent every year, hereafter.

The Cabinet also approved the engagement of a consultant to decide the base EDC rates for the determination of...