+
UP Government Grants Tax Exemption to DMRC, NCRTC
RAILWAYS & METRO RAIL

UP Government Grants Tax Exemption to DMRC, NCRTC

The Uttar Pradesh government takes a significant step by granting tax exemptions to the Delhi Metro Rail Corporation (DMRC) and the National Capital Region Transport Corporation (NCRTC). This strategic move not only signifies support for crucial infrastructure projects but also aims to encourage the seamless development of urban transportation in the state.

By exempting DMRC and NCRTC from municipal taxes, the government underscores the importance of facilitating large-scale public transportation initiatives. This financial relief is expected to contribute to the effective implementation of metro and rapid rail projects, promoting connectivity and easing commuting challenges in the National Capital Region (NCR).

The decision aligns with the broader vision of creating modern and efficient transportation systems that cater to the growing needs of urban populations. Exempting these key agencies from municipal taxes reflects a recognition of their pivotal role in enhancing regional connectivity and promoting sustainable modes of transportation.

As DMRC and NCRTC play vital roles in transforming the transportation landscape of the NCR, the tax exemption is anticipated to positively impact the financial viability and execution of ongoing and upcoming projects. The Uttar Pradesh government's proactive measure demonstrates a commitment to fostering infrastructural growth and ensuring that critical projects contribute to the overall development of the region.

The Uttar Pradesh government takes a significant step by granting tax exemptions to the Delhi Metro Rail Corporation (DMRC) and the National Capital Region Transport Corporation (NCRTC). This strategic move not only signifies support for crucial infrastructure projects but also aims to encourage the seamless development of urban transportation in the state. By exempting DMRC and NCRTC from municipal taxes, the government underscores the importance of facilitating large-scale public transportation initiatives. This financial relief is expected to contribute to the effective implementation of metro and rapid rail projects, promoting connectivity and easing commuting challenges in the National Capital Region (NCR). The decision aligns with the broader vision of creating modern and efficient transportation systems that cater to the growing needs of urban populations. Exempting these key agencies from municipal taxes reflects a recognition of their pivotal role in enhancing regional connectivity and promoting sustainable modes of transportation. As DMRC and NCRTC play vital roles in transforming the transportation landscape of the NCR, the tax exemption is anticipated to positively impact the financial viability and execution of ongoing and upcoming projects. The Uttar Pradesh government's proactive measure demonstrates a commitment to fostering infrastructural growth and ensuring that critical projects contribute to the overall development of the region.

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?