Proposal for property tax hike rejected by South Delhi civic body
Real Estate

Proposal for property tax hike rejected by South Delhi civic body

The BJP-led standing committee in their budget proposals, has not imposed a new tax. According to a statement, they announced a property tax waiver for previous years for the recently-regularised unauthorised colonies residents under their jurisdiction.

The statement further stated that SDMC Chairman, BK Oberoi rejected a proposal for increasing taxes on residential as well as commercial properties in the civic body 2022-23 budget.

An announcement that a total of eight new health centers will be established under the jurisdiction of SDMC was made by Oberoi.

The North, South, and East civic bodies of Delhi have to go to the polls before the beginning of May.

All the new health care centers will comprise a computerised OPD registration facility.

There has been an increase in the estimates of SDMC's revised budget from Rs 4,668.26 crore for 2021-22 to Rs 4,826.43 crore for 2022-23.

Additionally, the establishment of a resource center in every SDMC zone for the welfare of Children With Special Needs (CWSN) was announced by Oberoi.

There will also be an increase in the Boys' Fund which is an amount handed over to the principals for taking care of the smaller expenses of the students. The Boys' Fund was previously Rs 40 per year, which will now be Rs 100 per year.

A memorandum of understanding (MoU) has been signed by the SDMC and the Indian Solar Energy Corporation for the installation of 10 KW solar rooftop plants in their buildings.

Image Source

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

The BJP-led standing committee in their budget proposals, has not imposed a new tax. According to a statement, they announced a property tax waiver for previous years for the recently-regularised unauthorised colonies residents under their jurisdiction. The statement further stated that SDMC Chairman, BK Oberoi rejected a proposal for increasing taxes on residential as well as commercial properties in the civic body 2022-23 budget. An announcement that a total of eight new health centers will be established under the jurisdiction of SDMC was made by Oberoi. The North, South, and East civic bodies of Delhi have to go to the polls before the beginning of May. All the new health care centers will comprise a computerised OPD registration facility. There has been an increase in the estimates of SDMC's revised budget from Rs 4,668.26 crore for 2021-22 to Rs 4,826.43 crore for 2022-23. Additionally, the establishment of a resource center in every SDMC zone for the welfare of Children With Special Needs (CWSN) was announced by Oberoi. There will also be an increase in the Boys' Fund which is an amount handed over to the principals for taking care of the smaller expenses of the students. The Boys' Fund was previously Rs 40 per year, which will now be Rs 100 per year. A memorandum of understanding (MoU) has been signed by the SDMC and the Indian Solar Energy Corporation for the installation of 10 KW solar rooftop plants in their buildings. Image Source

Next Story
Infrastructure Energy

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..

Next Story
Infrastructure Urban

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..

Next Story
Infrastructure Energy

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..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement