Maharashtra govt nods tax waiver for homes up to 500 sq ft in Mumbai

17 Jan 2022 CW Team

The Maharashtra cabinet sanctioned the state government's decision to waive property tax on homes up to 500 sq ft in Mumbai.

Chief Minister Uddhav Thackeray had declared the decision on New Year's Day. In a statement, the Chief Minister's Office said that it would benefit 16.14 lakh residential units.

The waiver will lead to an income loss of Rs 462 crore for the exchequer. The Mumbai municipal corporation will endure a loss of Rs 417 crore while the state government will endure the burden for the remaining Rs 45 crore deficit, officials told the media.

On Wednesday, the cabinet additionally decided to waive the tax on school buses for the term between April 2020, the beginning of the coronavirus pandemic, to March 31, 2022. Vehicles held or hired on contract by schools and utilised just for transporting school children will be qualified for the concession, the CMO statement said. The tax already paid would be adjusted in future dues.

Image Source

Infrastructure Transport

07 Apr 2026

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..

Gujarat Pushes Biogas Growth With 193 Operational Units

Gujarat has operationalised 193 biogas plants across the state and is planning to add 60 more units as part of a broader push to scale up clean and sustainable energy solutions. The existing plants, established under various government-supported schemes, process organic waste including cattle dung and agricultural residue to produce biogas and a nutrient-rich slurry. The output is mainly used for cooking and other energy needs in rural and semi-urban communities, while also improving local waste management practices. The Gujarat Energy Development Agency (GEDA) is leading the initiative and is..