Latest Expert Exchange Queries
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) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: due date for vat payment :: empanelment :: form 3cd :: cpt
 
 
Budget Extravaganza »
 Government should reinstate wealth tax in Budget 2017
 With demonetisation inducing tax compliance will PM Modi cut tax rates in Budget 2017?
 State plan budget utilisation in Odisha
 Maharashtra wants budget advanced to February
 Coastal economic zones may get 10-year tax exemption in next Budget
 Why advancing the Union Budget date may not make much difference
 Govt keen 2017-18 budget should not clash with polls: Arun Jaitley
 Finance Ministry seeks industry suggestions on taxation for Budget
 Budget should focus on fiscal firm up
 Finance ministry keen to present Budget on February 2 or earlier
 Poor railway performance may mar merged Budget

Nothing new in civic body's budget: Oppn
July, 31st 2009

Aamdani Athanni--Kharcha Rupayya' this was the reaction of corporators from opposition benches while ruling party benches called it the progressive budget prepared for the citizens, participating in a discussion on Nagpur Municipal Corporation's proposed budget worth Rs 869 crore tabled by standing committee chief Pravin Bhisikar recently in civic house.

Opposition corporators raised the issue that despite last year's income of Rs 462 crore from main resources like octroi (Rs 280 crore), property tax (Rs 115 crore), water tax (Rs 65 crore ) and market recovery (Rs 2.95 crore), Bhisikar has proposed the income of Rs 360 crore from octroi department, Rs 150 crore from property tax, Rs 115 crore from water tax, Rs 66.50 lakh from ADTP, Rs 5.10 crore from fire department, Rs 10 crore from advertisements and Rs 3.15 crore from health department. Most of the projects announced this year were already featured in past standing committee chief's budget.

"There is nothing new in the annual budget and has been drafted keeping an eye on the forthcoming state assembly election", they alleged.

However, the budget discussion was another victory for the ruling coalition as a fractured opposition failed to corner them for third consecutive year. The Opposition had a potent weapon: NMC's reluctance to reduce octroi. However, most of the Opposition corporators did not raise this issue in the House. They mostly harped on problems of their wards. Only Praful Gudadhe, Satish Hole, Sujata Kombade, Satish Deulkar made futile efforts to corner the ruling party over its negligence towards creating more revenue sources.

Lack of coordination in Opposition benches was evident right from the beginning. Praful Gudadhe, Sujata Kombade, Satish Hole raised different issues at different time but they could not formulate a concrete strategy to take on the ruling coalition.

Former mayor and a key speaker from opposition bench -- Vikas Thakre, from Kombade camp, who has a skill for effectively raising issues in the House, remained absent from the House which further dampened the spirit of the Opposition. This time, corporators from ruling benches Sanjay Bonde, Sudhir Raut, Prakash Totwani while favouring the budget preferred to discuss the issues of respective departments which they are presently handling.

The ruling coalition also took long breaks in the budget discussion as a result of which it continued till late night. Consequently, when the leader of Opposition rose to put forward his views on the budget, most of the corporators were half-asleep. BJP's strategy apparently worked well to pass the budget in house, sources added. Till filing of the report the discussion was going on in the civic house.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Integrated Software Solutions Integrated Software Development Integrated Software Services Integrated Software Solutions India Integrated Softw

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