ECONOMIC APPRAISAL AND EVALUATION PROCEDURE OF WATER RESOURCES PROJECTS IN INDIA : A CRITICAL REVIEW

Volume : IV, Issue : IV, April - 2015

Vidya Purandare, Dr. V. H. Bajaj

This paper discusses the need for developing realistic procedure for Economic Appraisal & Evaluation of Water

Resources Projects in India. The existing criteria the � Benefit-Cost Ratio � as per Second Irrigation Irrigation

Commission 1972, Govt. of India. In view of number of limitations of criteria suggested by the Commission, it is high time that we need to

adopt the Social Benefit Cost Analysis (SBCA) for the WRPs . This technique can be used to economically evaluate projects & also evaluate

in terms of the explicit National objectives such as employment generation, redistribution of income & development of backward regions, etc.

Pecuniary costs and benefits need not be considered in SBCA. The classification & estimation of costs & benefits, into direct tangible; direct

intangible ; indirect tangible; indirect intangible needs to be carried out.