Bhopal Civic Body Rakes in Rs.4.70 Bn Property Tax

03 Apr 2024 CW Team

The Bhopal Municipal Corporation (BMC) has achieved a remarkable feat by collecting property taxes worth ?4.70 billion in the fiscal year 2023-24. This substantial revenue collection underscores the effective implementation of tax policies and the civic body's efforts to enhance financial sustainability.

The impressive property tax collection reflects the BMC's robust revenue mobilisation strategies and efficient tax administration. Despite economic challenges and uncertainties, the BMC's proactive measures have resulted in a substantial increase in tax revenues, contributing to the city's development initiatives.

The significant inflow of property tax revenue will enable the BMC to finance various infrastructure projects and civic amenities aimed at enhancing the quality of life for Bhopal residents. It will also support initiatives to improve urban infrastructure, promote sustainable development, and address pressing community needs.

The successful property tax collection highlights the BMC's commitment to fiscal prudence and effective governance. By ensuring timely tax payments and compliance, the civic body strengthens its financial position and capacity to deliver essential services to the citizens of Bhopal.

As the BMC continues its efforts to bolster revenue streams and enhance fiscal discipline, stakeholders anticipate further progress in urban development and infrastructure enhancement. The significant property tax collection in FY24 sets a positive precedent for sustainable growth and development in Bhopal, fostering a conducive environment for economic prosperity and community welfare.

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..