Wednesday, March 21, 2012

2012 Budget BMC Increasing Taxes on Water, Sewerage and other

Mumbai: For the first time in a decade, the BMC on Tuesday presented a pragmatic budget by increasing taxes on water and sewerage by up to 58% while allocating Rs 9,359 crore to infrastructure projects.

The Rs 26,581 crore civic budget - larger than the outlays of some of the smaller Indian states - has doubled the allocation to augment the city's road network and added over 800 beds in municipal hospitals. Some of the highlights:

Rs 800 crore for concreting 241 km of roads;

City to receive additional 455 million litres of water daily from July;

Rs 263 crore allocated for development of open spaces;

807 additional beds in 20 civic hospitals;

Rs 50 crore for widening Mithi river;

90 m snorkel for the fire brigade at a cost of Rs 15 crore;

20,000 new litter bins for 10,000 locations;

Virtual classrooms to be extended to 400 civic schools;

Development of an estuarine park near Mahim creek;

The BMC estimates an income of Rs 26,581 crore this year and plans to spend Rs 26,474 crore.
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1 comment:

  1. Mumbai BudgetMarch 21, 2012 at 6:56 PM

    The BMC city budget for Bombay is bigger than the budget of some of the state like Himachal Pradesh, Nagaland, Goa, Manipur, Uttarakhand.

    This year's budget has laid emphasis on improving civil infrastructure and key social sectors such as education and health.

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