The Hindu     30.08.2012

Merchants propose alternative tax

Representatives of about 12,000 merchants in Kolhapur said that they were ready to pay city development tax (CTD) as an alternative source of income of the Kolhapur Municipal Corporation (KMC). The municipality is facing a cash crunch after merchants refused to pay local business tax (LBT). Sadanand Korgaonkar, convener of Kolhapur Merchants Association, said that if CTD was introduced, the merchants would respond positivel.

— Correspondent