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Municipal Finance

40% Plan fund for local bodies: Minister

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The Hindu      15.06.2010

40% Plan fund for local bodies: Minister

Staff Reporter


Local affairs: Local Administration Minister Paloli Mohammed Kutty speaks at a workshop of the District Planning Council in Palakkad on Monday.

PALAKKAD: Local Administration Minister Paloli Mohammed Kutty has said that the State government has transferred 40 per cent of its Plan fund to local bodies in line with decentralisation of power. Inaugurating a two-day workshop organised by the District Planning Councilin Town Hall here on Monday, the Minister said that rulers like E.M.S. Namboodiripad had implemented recommendations on power decentralisation in the State. A sale of products by Kudumbasree units was inaugurated by K.K. Divakaran, MLA.

Last Updated on Tuesday, 15 June 2010 06:19
 

Kolkata Municipal Corporation: house of riches

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Indian Express    08.06.2010

Kolkata Municipal Corporation: house of riches

Express News Service Tags : KMC, kolkata Posted: Tue Jun 08 2010, 03:15 hrs

Kolkata:  With an annual budget of over Rs 5,000 crore, the 141-ward Kolkata Municipal Corporation is flush with funds. Besides, there are grants from the Centre and international funding bodies too. For instance, KMC got Rs 496 crore under JNNURM to upgrade underground sewer lines but it asked for Rs 254 crore more, citing cost escalation. Then there is Kolkata Environment Improvement Project worth Rs 2000 crore, sanctioned in 2000 though work started only in 2005. KMC’s grants from the state and the central governments alone total around Rs 720.45 annually. Each councillor has at his disposal an area development fund worth Rs 5 lakh.

Source of Revenue
* Property tax
* Sewerage and drainage tax
* Trade licence fee
* Revenue from buildings
* Conservancy tax

Perks and privileges of Mayor
* Unlimited medical benefit
* Unlimited mobile bill
* A flat in KMC guesthouse
* A vehicle
* Mayor Relief Fund worth crores

Last Updated on Tuesday, 08 June 2010 10:24
 

Impact fee cut by 30% in city

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Deccan Chronicle       08.06.2010

Impact fee cut by 30% in city

June 8th, 2010
DC Correspondent

Hyderabad, June 6: The state government on Monday issued orders giving certain concessions on the payments of city-level infrastructure impact fees.

The impact fee for flats has been reduced by 30 per cent for GHMC and other municipalities, corporations and urban development authorities in state.

The government has also decided to reduce the impact fee by 50 per cent in HMDA areas outside GHMC limits.

The rebate is applicable for projects where building approvals are given for the next two years.

However, to avail of the benefit, developers should start construction within two years from the date of issue of building approval and the same should be completed within six years from the date of issuing building approval.

The instalments for the impact fees can be paid for a further two years with effect from January 20, 2010.

This is applicable to all new and pending applications where the applicants have not paid the impact fee. Applicants will have to give post-dated cheques for the above payments at the time of getting the building permission letter.

In case of ongoing projects that have been approved and where the deferred payment has been availed of, the developer can opt for deferred payment of the impact fee for five years including the period already availed of with 10 equal instalments with no rebate or reduction in the impact fee.

 


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