In 9 months, NMC earned only 1/3rd of targeted Rs2,946cr revenue

Nagpur: In 9 months of the current fiscal, Nagpur Municipal Corporation (NMC) has earned simply 33% of the yr’s Rs2,946 crore income target set by means of the status committee. In some just right news, even though, NMC received the revised GST grant of Rs86.50 crore on Thursday.
NMC’s financial statement until November 30 displays it generated around Rs979.7 crore income. Over Rs690 crore of that is government grant, including Rs420 crore as Goods and Services Tax (GST) grant.

NMC generated Rs129 crore as assets tax, Rs86.67 crore from water, Rs28.47 crore from the town making plans division, Rs1.72 crore as fire protection charges, Rs3.53 crore from market division, and Rs10.85 crore from traffic division.

Earlier, NMC used to get Rs52.57 crore as GST grant, then again, the efforts of mayor Nanda Jichkar, ruling celebration leader Sandip Joshi and status committee chairman Virendra Kukreja led to the state revising the GST grant to Rs86.50 crore per month.

“Due to loss of price range, many contractors stalled ongoing works, and nobody is able to soak up new paintings orders,” admitted a senior legitimate from the public works division.

Recently, NMC controlled to liberate part fee to contractors, yet it nonetheless owes them over Rs200 crore. NMC additionally has legal responsibility of over Rs400 crore against financial institution loans, finds a RTI answer by means of NMC’s accounts and finance division to former corporator and senior Nationalist Congress Party (NCP) leader Ved Prakash Arya.

Arya mentioned all through Diwali NMC had paid Rs186.49 crore to more than a few contractors. However, NMC has around Rs400 crore loan compensation outstanding. He mentioned NMC’s financial scenario is very crucial and it may’t overcome this disaster by itself.

Arya mentioned the Fadnavis-led BJP government must liberate some other Rs700 crore as special help.

Meanwhile, estate consultative committee chairman Sanjay Bangale on Thursday convened a overview assembly of more than a few departments. During the assembly, it was once knowledgeable that NMC will soon get started earning around Rs10 crore from cell carrier operators for unlawful erection of around 800 cell towers. Until not too long ago, NMC was once no longer able to generate any income as the issue was once pending in prime court docket.

In 9 months, NMC earned only 1/3rd of targeted Rs2,946cr revenue In 9 months, NMC earned only 1/3rd of targeted Rs2,946cr revenue Reviewed by Kailash on December 07, 2018 Rating: 5
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