Ludhiana Civic Body Slows Property Tax Recovery
Real Estate

Ludhiana Civic Body Slows Property Tax Recovery

In a significant development, the Ludhiana civic body has noticeably decelerated its efforts in property tax recovery. This adjustment in approach has raised questions and concerns among the local residents and business owners. The slowdown in property tax collection, as reported by Economic Times, can have far-reaching implications on the city's financial health and infrastructure development. This shift in strategy comes at a crucial time when municipal finances are vital for sustaining and advancing urban projects. It also raises concerns about potential impacts on the provision of essential public services. The civic body's decision to ease the pace of tax recovery warrants close scrutiny, with many stakeholders eagerly awaiting further clarification from local authorities.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

In a significant development, the Ludhiana civic body has noticeably decelerated its efforts in property tax recovery. This adjustment in approach has raised questions and concerns among the local residents and business owners. The slowdown in property tax collection, as reported by Economic Times, can have far-reaching implications on the city's financial health and infrastructure development. This shift in strategy comes at a crucial time when municipal finances are vital for sustaining and advancing urban projects. It also raises concerns about potential impacts on the provision of essential public services. The civic body's decision to ease the pace of tax recovery warrants close scrutiny, with many stakeholders eagerly awaiting further clarification from local authorities.

Next Story
Infrastructure Energy

NLCIL Mines Win Top Honours in 2023–24 Star Ratings

NLC India Limited (NLCIL), a Navratna Central Public Sector Enterprise (CPSE) under the Ministry of Coal, has once again cemented its position as a leader in sustainable and responsible mining, with all five of its operating mines receiving prestigious Star Ratings for 2023–24 from the Ministry of Coal.The Star Rating scheme, introduced in 2019, evaluates mines across seven key parameters, including operational efficiency, environmental stewardship, safety, technological adoption, rehabilitation, and worker welfare. Since the inception of the framework, NLCIL has ensured 100 per cent partici..

Next Story
Infrastructure Energy

GST on Coal Raised to 18 per cent, Compensation Cess Removed

The Goods and Services Tax (GST) Council has approved a hike in the GST rate on coal and lignite from 5 per cent to 18 per cent, while simultaneously removing the additional compensation cess of Rs 400 per tonne, previously levied at 40 per cent. The decision, taken on 3 September, is expected to rationalise the tax structure without raising the overall cost burden on power producers or consumers.According to a statement from the Union government, the move is unlikely to impact electricity prices, as the tax adjustment is designed to be revenue-neutral for buyers. The removal of the cess is ex..

Next Story
Infrastructure Energy

SCCL Mines Win 5-Star National Awards for Excellence

Singareni Collieries Company Limited (SCCL) has been awarded 5-Star ratings at the national level for four of its coal mines for the last financial year, recognising the company’s excellence in sustainable mining, safety, and operational practices.The honoured mines include:RG OC-1 Extension from the Ramagundam-3 AreaJK-5 OC from the Yellandu AreaRK-6 Underground Mine and RK-Newtech Mine from the Srirampur AreaThese awards were presented during the 5-Star Rating Awards Ceremony held in Mumbai, where SCCL Chairman and Managing Director N. Balram received the accolades from Union Minister for ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?