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 Energy

25 Jun 2026

Centre Prioritising Energy Security With Coal Gasification

Union minister for Coal and Mines G Kishan Reddy said the Centre is prioritising energy security through a strategic shift to coal gasification and has announced incentives totalling Rs 460 billion (bn) to support the effort. He said more than 35 companies will start coal gasification activities in India within two months and that the government is encouraging firms that bring technology to close the domestic technology gap. The minister described the initiative as aimed at reducing import dependence and developing indigenous capacity. India has the fifth-largest coal reserve in the world, and..

BHEL and Coal India Invest Rs 250 bn in Odisha Gasification

Bharat Heavy Electricals (BHEL) and Coal India (CIL) are jointly investing Rs 250 billion in a coal gasification project in Odisha, with the Prime Minister laying the foundation stone in Jharsuguda. Union Coal and Mines Minister G Kishan Reddy described the initiative as a transformative shift in coal utilisation that will open industrial avenues for the state. The project moves coal beyond conventional power generation to industrial feedstocks. Coal gasification will convert coal into synthesis gas, a versatile feedstock for chemicals, fertilisers and synthetic fuels, and the technology is ex..

BCCL Hands Over Dugdha Coal Washery To JSW Steel

Bharat Coking Coal has handed over the Dugdha Coal Washery to JSW Steel, marking the first coal washery asset monetisation under the Ministry of Coal's asset monetisation programme. The handover took place in the presence of senior officials from Bharat Coking Coal Ltd, JSW Steel and JSW Energy. The washery has a capacity of two million tonnes per annum (mn t per annum), and its transfer is intended to introduce private sector practices into coal beneficiation operations. The monetisation is aimed at modernising coal sector assets, improving operational efficiency and enhancing resource utilis..