Ulhasnagar Mayor nods Abhay Yojana scheme for property tax holders

16 Mar 2022 CW Team

The Ulhasnagar property tax holders will obtain some relaxation in property tax payment as the Urban development minister Eknath Shinde permitted the Abhay Yojana scheme for a month.

Under the scheme, the Ulhasnagar Municipal Corporation (UMC) will render a rebate of up to 100% on the penalty amount of arrears of property tax. Property tax is one of the significant sources of income for the corporation.

The scheme will additionally assist UMC to obtain income as the civic body is facing a shortage of funds as this year due to non-collection of property tax, the civic body is currently unable to pay even the salaries of some of the staff.

The decision to execute Abhay Yojana was taken on Monday, after Mayor Leelabai Ashan and her son Arun Ashan with some other corporators met with Eknath Shinde in Mantralaya.

Mayor Leelabai Ashan told the media that the scheme will assist property tax holders as they will get a discount of up to 100% on their penalty amount and it will also help civic bodies to improve the revenue of civic bodies which are encountering a shortage of funds.

Earlier, several political parties and traders association in the city had demanded UMC to begin the Abhay Yojana scheme for property tax holders in the city as many people who are encountering a shortage of funds due to Covid-19 this year are unable to pay their property taxes.

Ex-deputy mayor Jeevan Idnani has appealed to people to take advantage of this chance by paying property tax during the scheme period.

Image Source

Also read: GMC eyes Rs 80 crore more revenue via property tax

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..