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Municipal Finance

BMC to seek nod for zoo fee hike from civic panel on Friday

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The Times of India       17.05.2017

BMC to seek nod for zoo fee hike from civic panel on Friday

| | Updated: May 17, 2017, 01.31 AM IST
MUMBAI: The BMC will table a proposalto increase entry charges into Veermata Jijabai Bhosale (VJB) Udyan and zoo in Bycullaseeking sanction of the civic standing committee on the same on Friday.

The entry charges are proposed to be increased from the current Rs5 to Rs100 per adult. However, a family of four (mother, father and two kids) will be allowed entry on a single ticket of Rs100.

 

The charges for morning walkers' entry are also proposed to be increased from Rs 30 per month to Rs 150 per month.

 

BDA eyes Rs. 3,500 crore from betterment fees

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The Hindu       21.04.2017 

BDA eyes Rs. 3,500 crore from betterment fees

Will target land notified but later dropped during formation of Arkavathi and Nadaprabhu Kempegowda Layouts

A cash-strapped Bangalore Development Authority (BDA) is leaving no stone unturned in its quest to mobilise revenue. Betterment fee seems to be the latest buzzword among officials.

On Tuesday, the BDA board decided to levy a betterment fee on the land initially notified but later dropped during the formation of Arkavathi and Nadaprabhu Kempegowda Layouts. This is expected to yield over Rs. 3,500 crore.

The move comes even as the authority is moving fast to regularise over 3,000 acres of encroached BDA-notified land through which it hopes to mop up over Rs. 4,000 crore. Chief Minister Siddaramaiah had made an announcement in this regard in the run-up to the 2015 BBMP polls. Now, BDA has put up a note before the State cabinet. In this case, the betterment fee is yet to be fixed.

Betterment fee


The BDA has identified 2,262 acres dropped during formation of Arkavathi Layout. It has fixed a betterment fee of Rs. 336/sqft, which will yield Rs. 3,310.69 crore. This covers areas that were de-notified and dropped during the re-do scheme in July 2014; the issue is mired in controversy and legal disputes.

It has identified 610 acres dropped during the formation of Nadaprabhu Kempegowda Layout due to de-notification and legal disputes, for which a betterment fee of Rs. 73.65/sqft has been fixed. This is expected to yield Rs. 195.69 crore.

A senior land acquisition officer said that the betterment fee was fixed based on a formula devised by the BDA: it is a third of the hike in guidance value of the land from the value when it was initially notified. The land owners need to pay BDA the betterment fee when they seek a No Objection Certificate for conversion of land use or apply for a development plan. BDA will conduct an on-ground survey of these areas to identify parcels already developed and issue demand notices for betterment fee.

 

Rs. 138.51 cr. annual fund for Kochi

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The Hidu        21.04.2017  

Rs. 138.51 cr. annual fund for Kochi

Award of Finance Commission is worth Rs. 49 crore

The Kochi Corporation will get an annual allocation of Rs. 138.51 crore from the State government for 2017-18 fiscal.

Of this, Rs. 49 crore will be allotted as general development fund and Rs. 81 crore as Special Component Plan fund. The award of the Finance Commission will come to Rs. 49 crore.

Road projects

Road protection fund projects will get Rs. 21 crore, while non-road projects will be allocated Rs. 10 crore, said a communication issued by Deputy Mayor T.J. Vinod.

A meeting of the corporation council, to be held on Friday, will discuss the draft proposals to be implemented by the civic body in the current financial year.

The projects that get the stamp of approval from the corporation council will be implemented in the city in 2017-18 fiscal.

 
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