Nagpur civic body rejects proposal to hike property tax for FY 22-23

10 Feb 2022 CW Team

The Nagpur Municipal Corporation (NMC) has rejected the proposal of the civic administration to hike property tax for FY 22-23.

According to the chairman of the standing committee, Prakash Bhoyar, the House will decide on the civic administration's proposal.

He said that the decision not to revise the property tax was taken due to the Covid-19 pandemic, which hit most sectors and sections of the society.

He added that the pandemic caused many financial losses, due to which the 16-member committee rejected the proposal for a 5-10% hike in property tax.

Bhoyar said that many departments, including the town planning department, have earned Rs 150 crore, compared to the target of Rs 84 crore for FY22.

He said that the civic body would waive off property tax for residents having 500 sq ft properties if the state government allocates additional funds.

According to provision 99 of the Maharashtra Municipal Corporation (MMC) Act, the NMC property tax department submitted a proposal to the standing committee that the tax structure of FY23 should be proposed before the general body before 20 February.

Bhoyar said that the committee had decided that the tax revision in 2015-16 should be left unchanged and forwarded the decision to the general body.

Assistant municipal commissioner, Mahesh Dhamecha, said that the committee also backs the election department's demand of Rs 2.45 crore for works related to civic polls. Earlier, NMC spent around Rs 7.50 crore, keeping in mind the 7th Pay Commission implementation and now expects to spend Rs 10 crore for the elections.

Besides, the committee has also approved Rs 51.74 lakh for the maintenance of the Kavivar Suresh Bhat auditorium and road projects of Rs 1.41 crore in different localities.

Image Source

Also read: NMC passes resolution for property tax exemption up to 500 sq ft

Infrastructure Urban

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..