sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
Budget Extravaganza »
 How Union Budget 2018 impacts individual taxpayers
  How Budget 2018 will be different due to GST
 This is how Budget 2018 announcements may help you save tax
 Here's why the government advanced the Budget date
 Will Budget 2018 Reduce Your Income Tax? 10 Expectations
 How Budget 2018 will be different due to GST
 Will Budget 2018 cut tax on switch from dividend to growth option in mutual funds?
 Startup eco-system looks forward to the budget for addressing tax dilemma
 High time to prioritise non-tax revenue in the Budget
 Govt may abolish dividend distribution tax in budget
 Budget making in the GST era: paradigm shift

Five things that you can expect from the Mumbai civic budget today
March, 29th 2017

Mumbai civic chief Ajoy Mehta will present the Brihanmumbai Municipal Corporation’s (BMC) budget for the financial year 2017-18 to the standing committee at 2pm on Wednesday. HT lists five things that Mumbaiites can expect from the mega-budget:

1. The budget will be tighter, this year. The civic chief is likely to take some stern steps to bring down the budget to a more realistic level from last year’s Rs37,000 crore. The budget for major departments like roads and storm water drains is expected to be slashed to one-third the original.

2. Top officials have said that the budget is likely to be Development Plan (DP) 2034-oriented, with prominence given to development of social amenities already in possession with the municipality. The allocation for DP is estimated to be around Rs5,000 crore.

3. Major allocations will continue to be for projects like the coastal road, connecting south Mumbai to the western suburbs, the Goregaon-Mulund link road, the sewage treatment plants (STPs) to treat waste water and the Gargai-Pinjal and Damanganga projects to augment water supply in the city.

4. As the BMC is set to lose its octroi revenue of Rs7,000 crores starting July 1, with the goods and services tax (GST) coming into effect, the civic body is likely to hike its non-tax revenue by increasing charges on services, rent for BMC-leased plots and penalties. The good news for citizens is that a direct tax increase is unlikely.

5. The budget will emphasise on administrative reforms, including e-office initiatives, biometric-attendance for BMC employees, online services for citizens and businesses and an integrated healthcare system for civic patients.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Privacy Policy

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions