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Tamil Nadu News Papers

Rs 209-cr drainage project okayed

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The New Indian Express 21.07.2009

Rs 209-cr drainage project okayed

ERODE: The government has approved a Rs 209.23-crore underground drainage (UGD) project for Erode.

According to official sources, Rs 71.14 crore will be given as loan to facilitate the long-pending project while Rs 62.77 crore will be obtained as grant from a German bank. The State government and the local planning authority will grant Rs 9.83 crore and Rs 3.60 crore respectively. The remaining Rs 61.89 crore will be borne by the local body, of which, the contribution from the citizens will be nearly ten per cent of the total cost, around Rs 21 crore.

Apart from the 45 wards in the civic body, Surampati, Periyasemur, Kasipalayam and Veerappanchathram municipalities and other areas which are going to be annexed with the corporation, would benefit from the scheme too.Under the scheme, toilet wastes would be collected from over 85,790 houses and other buildings by laying pipelines over a 581-km stretch.

The sewage would be pumped to six treatment plants, that will be established under the project. The treated water would be collected at Peelamedu and Kasipalayam Municipal area.

The scheme’s main aim is to check the discharge of urban sewage into the Cauvery river. The government has allotted the entire sum for the project, excluding Rs 61.89 crore. The corporation has invited global tenders for the work on July 24. The work would be carried out by segregating the town into four zones. The tender estimates would be sent to the government and then the work would commence with an aim to complete it within three years.

However, an independent councillor Radhamani Barathi recalled that the TN Water Supply and Drainage Board had already constructed two treatment plants at a cost of over Rs 7 crore in two parts of the town to treat the sewage, flowing in Pitchaikaranpallam and Perumpallam Odais (stream).

The scheme was initiated with the help of Central aid.

But, due to some technical defects, Erode Corporation refused to take over the project, so its 45- acre site in which the open treatment plant exists, has remained idle for the past many years.

 

Corporation hikes profession tax

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Times of India 21.07.2009

Corporation hikes profession tax

CHENNAI: If you are a salaried employee and earning more than Rs 75,000 per annum, be ready to cough up an additional Rs 570 as profession tax. The Chennai Corporation has planned to mop up its revenue by hiking profession tax between 25% and 35%.

The agenda is likely to be placed before the corporation council which meets on Wednesday. "The new tax rates will be introduced with retrospective effect from October 2008," a senior corporation official told TOI. The Tamil Nadu Municipal Act has stipulated tax revision once in five years and Chennai Corporation had hiked the tax last in 2003. There are plans also to introduce new income slabs at Rs 2 lakh and Rs 5 lakh half-yearly.

Any company that transacts business and every person who is engaged actively or otherwise in any profession, trade, calling and employment in the corporation jurisdiction has to pay half-yearly profession tax, as per Section 138 C of the Tamil Nadu Municipal Laws as amended in 1998. In fact, the profession tax is a big source of income for the civic body, next only to property tax. In the current fiscal, Rs 85 crore is estimated under this head.

Profession tax assessment is calculated on the half yearly gross income for the following categories - salaried people (central and state government) individuals, private establishments and companies. In Chennai, 17,825 private establishments and 53,538 individuals are professional tax payees.

As per the new plan, there will be no tax hike for those getting paid below Rs 21,001 half a year. Though other local bodies had increased the rates last year, Chennai Corporation could not take up the tax revision due to pressure from political circles.

"Pay hikes of the staff as per the sixth pay commission recommendations cost the civic exchequer an additional Rs 108 crore. The marginal increase in tax is aimed at partially covering this. It is not going to affect the huge populace, but only a small section," Mayor M Subramanian said.

"Revision of profession tax rates is one of the easiest move for the corporation to augment its resources," says T M Deepak, a chartered accountant.
Last Updated on Tuesday, 21 July 2009 12:43
 

5% levy on stamp duty in TN soon

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Times of India 21.07.2009

5% levy on stamp duty in TN soon

CHENNAI: Property transactions in corporation, municipal and town panchayat limits could get costlier, with the state government proposing a surcharge on stamp duty to generate revenue for local bodies and source funds for urban road infrastructure projects. A bill — The Tamil Nadu Duty on Transfers of Property (in Municipal Areas) Bill, 2009 — was introduced by deputy chief minister M K Stalin in the Assembly on Monday.

According to the bill, the surcharge would not exceed 5% of the stamp duty. For purchase of a Rs 30 lakh apartment, the extra burden for the buyer would work out to Rs 12,000.
 


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