Delhi: No increase in property tax of VVIP areas
Zeenews
       English        
 Follow Me on Pinterest Google Plus Ditto RSS Mail to us Mail to us
Friday, May 24, 2013 
Search
Delhi

Delhi: No increase in property tax of VVIP areas

Last Updated: Friday, January 13, 2012, 16:47     A- A A+
Comments 0
New Delhi: The New Delhi Municipal Council's (NDMC) budget unveiled on Friday spared the VVIP areas of an increase in property tax, besides having no new major development initiatives.

The Rs 2,289.64 crore budget for the NDMC, which covers the Lutyens' Delhi, proposes revamped power and water supply system, upgradation of markets, sprinkler irrigation system in Shanti Path, 35 new public toilets, CCTV survey of drainage for retrofitting and a flower show.

In her speech, NDMC chairperson Archna Arora said the budget for 2012-13 is aimed at asset creation which will be beneficial to NDMC both in terms of civic infrastructure and increasing receipts in the long term.

"The pace of infrastructure development was very high and creation of capital assets was large in numbers during the last three years. Now is the time to maintain these assets with increased levels of quality bench marks using latest technology as per international standards," she said.

Outlining its revenue proposals, Arora said, the budget "propose no increase in property tax rates in the next year" and the civic body plans to collect Rs 259.98 crore as property tax in the next fiscal.

The civic body also plans to collect Rs 268.89 crore as licence fee, Rs 702.53 crore from power supply and Rs 113.60 crore from water supply.

Later, Arora told reporters that a detailed roadmap for revamp of electrical system has been prepared and that the NDMC has no plans to recommend hike in water or power tariffs.

The NDMC is also working towards ensuring uninterrupted water supply in the next 5-8 years, she said.

PTI

For Zee News’s Updates, follow us on Twitter , Facebook, Google+, Pinterest

First Published: Friday, January 13, 2012, 16:47

Post your Comments

Name:
Place :
Email :
Comments :
 

Comments


View all Comments   

Most liked Comments

Top News



latest