Crucial meet to discuss local body tax today
- Trouble mounts for Sreesanth as Mumbai cops gather more evidence
- SIT to seek Supreme Court guidance on Maya Kodnani death penalty issue
- Tamil Nadu police bans Yasin Malik-linked pro-Eelam public meeting
- Kings XI Punjab end IPL 2013 campaign with a win
- Narendra Modi: India losing sheen as agricultural nation
Introduction of the controversial local body tax (LBT) in large municipal corporations, including Mumbai, coming fiscal will be discussed at a crucial meeting Thursday.
Brihanmumbai Municipal Corporation (BMC), the largest civic body in the country, has been opposing abolition of octroi till a viable alternative is put forth by the government.
Every election, Sena has vehemently opposed the possibility citing revenue crunch.
Chief Minister Prithviraj Chavan is keen to abolish octroi in A-, B- and C-category corporations, which include Thane, Pune, Pimpri-Chinchwad and Nashik.
In October, he said the government would end octroi collection in the state this year.
While the Union government is still building consensus to introduce goods and services tax in the country, the state government introduced LBT to bring uniformity in collection. LBT has already been introduced in small municipal corporations such as Mira-Bhayander and Ulhasnagar, where revenue has reportedly increased 40 per cent.
Government will cite this to make a case for introduction of the tax in big corporations as well.
- Destitute, orphan students outclass rest in Andhra Class 10 exams
- To re-energise ties, PM wants to visit US, waits for confirmation
- NIA court says no terror link, frees 'Hizbul militant' Liyaqat on bail
- CBI arrests its coal allotments investigator on bribery charge
- ‘Cricketer-bookie Amit may have used Jiju to reach Sree’
- BCCI chief N Srinivasan says police must prove spot-fixing allegations