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Wipro disputes property tax

Friday, 29 November 2013 05:01 administrator
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The Hindu             29.11.2013

Wipro disputes property tax

Special Correspondent

Wipro Ltd. continues to dispute the quantum of property tax that has been decided for its facility in Mahadevapura by the Bruhat Bangalore Mahanagara Palike (BBMP).

On Tuesday, senior company officials, it is learnt, disputed the Rs. 16.40 crore property tax demand raised by the BBMP that members of the civic body’s Finance and Taxation Standing Committee sought, during a visit.

According to standing committee chairperson M.S. Shivaprasad, the company owed the Bruhat Bangalore Mahanagara Palike Rs. 16.40 crore, which were dues for the last two years.

“Since the 16 lakh square feet facility came up in 2008, the company has been paying tax only partly, resulting in dues,” he said, adding that the company’s senior executives offered to pay only a part of the dues since they disputed the total quantum.

Calls and text message to the company’s spokesperson went unanswered.

 

Corporators to study PCMC's e-governance system

Thursday, 28 November 2013 09:08 administrator
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The Times of India            28.11.2013  

Corporators to study PCMC's e-governance system

PUNE: The elected members of the Pune Municipal Corporation (PMC) will visit the Pimpri Chinchwad Municipal Corporation (PCMC) to study its e-governance system, next week.

The civic body has planned an overhaul of its 15-year-old system to make administrative work more interactive and people-oriented.

"A replication of the PCMC's e-governance will be done in the PMC after the standing committee gives a green signal for a revamp. The elected members, including the standing committee members, want to the study PCMC's e-governance system to know if the users are satisfied. They will be give a presentation and interact with people currently using it," said Vishal Tambe, chairman of the standing committee.

The civic administration had tabled a proposal seeking changes before the standing committee which was discussed on Tuesday. The project, sponsored by a group of banks, will cost Rs 2.2 crore and would mean replacing the existing system with 22 new software programs.

Works such as allotment of birth and death certificates, water bills, payment system, citizen's facilitation centres are likely to improve after the conversion to an online system. Works in the offices of the disaster management cell, law division, municipal secretary office, urban development department will see an improvement. 

 

NMC to raise Rs 200-cr loan from banks

Thursday, 28 November 2013 09:05 administrator
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The Times of India            28.11.2013  

NMC to raise Rs 200-cr loan from banks

NASHIK: The Nashik Municipal Corporation (NMC) has invited tenders from banks to raise a loan of Rs 200 crore to undertake major civic works and those related to the ensuing Kumbh mela in the city.

The NMC has invited tenders from all the nationalised and private banks quoting interest rates they (banks) are going to charge. The civic body will finalise the bank once they get interest rates from the banks.

The state government on October 17 had given its approval to the NMC to raise the loan from banks.

Speaking to TOI, a senior official from the NMC said, "We are planning to complete the loan process at the earliest and raise Rs 200 crore in a month or two so that we can undertake some major civic works. We are already facing a financial crunch and need funds to carry out major developmental works. The Kumbh mela is also around the corner and we are already in the tender process to undertake major infrastructural works that would require 20 to 24 months. But we have still not received any funds from the state government. Hence, the Rs 200-crore loan will help us a lot."

Earlier, the octroi was the major source of income of the municipal corporation and its share was around 61% of the total revenue earned. But under the new tax system, the Local Body Tax (LBT), which was introduced in the NMC limits from May 22, the revenue declined by 19.46% to Rs 269 crore in the first half of the current fiscal, against the revenue of Rs 334 crore through octroi during the corresponding period in the last fiscal 2012-13. This has led to a financial crunch to NMC to some extent.

 
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