AMC & 3 other civic bodies in Marathwada to receive funds Rs 6.8 cr

22 Feb 2022 CW Team

The Aurangabad Municipal Corporation (AMC), and other civic bodies, including Nanded, Parbhani and Latur in Marathwada, will receive funds worth more than Rs 6.8 crore from the state government.

The funds correspond to a 1% surcharge recovered by the state town planning department on the stamp duty paid for different property transactions during 2021-22 to generate funds for infrastructure development in these cities.

The first installment of Rs 235.7 crore of total funds was released in December 2021, while the second installment has now received an official clearance.

The state town planning department said that overall, 26 municipal corporations in the state would receive funds worth Rs 210 crore towards the stated funding.

According to data, AMC will get the maximum share of the funds at Rs 4.86 crore, followed by Nanded-Waghala Municipal Corporation of Rs 1.18 crore, Latur of Rs 61.03 lakh and Parbhani Rs 22.69 lakh.

Pune, Pimpri-Chinchwad and Nashik, Rs 69 crore, Rs 24.97 crore and Rs 10.4 crore, respectively, are among other cities that have received the maximum amount of funds from the state government towards the surcharge levied on the stamp duty.

Rajendra Datey-Patil, a civic activist, said the state government should consider exempting the first homebuyer from paying an additional 1% surcharge on stamp duty. Property taxes have already been governed by a stringent tax regime, and adding more components to them would be a burden for the homebuyers.

Image Source

Also read: Stamp duty collection in Maharashtra declines 17% in Oct-Nov

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..