Chandigarh, April 25 -- In a ray of hope for the severely cash-strapped municipal corporation, the Chandigarh administration has written a letter to the Union ministry of home affairs (MHA), seeking Rs.238 crore recurring savings resulting from UT electricity department's privatisation that will further be redirected to the civic body.

In the letter, the UT finance secretary highlighted the major milestone achieved with the privatisation of the city's electricity department, a move which led to a significant reduction in recurring expenditure - estimated at Rs.238 crore - through reduction in salaries, wages, maintenance costs and commercial losses.

Recurring savings reflect the money saved every financial year, not just once.

The lett...