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The Municipal Commissioner maintains Mumbai, and thus has responsibilities over the sewage system, the school divisions, power companies, roads, and other aspects of local infrastructure. The BEST and the Mumbai Fire Brigade are autonomous bodies under the organization.
The Municipal Corporation of Greater Mumbai (MCGM), as the primary agency responsible for urban governance, has also signed an MOU with NGO Council to work closely with NGOs in the fields of education, public health, creation of urban amenities, art and culture and heritage conservation. [9]
Greater Mumbai is the urban agglomeration of 18 million people (the largest in India and one of the six largest in the world) which comes under the Municipal Corporation of Greater Mumbai. The Municipal Corporation of Greater Mumbai employs 140,626 people. The Corporation operates an annual budgetary outlay in excess of Rs. 30,000 Crores.
Minimum lease payments are rental payments over the lease term including the amount of any bargain purchase option, premium, and any guaranteed residual value and excluding any rental relating to costs to be met by the lessor and any contingent rentals. Leased asset is depreciated in books of lessee over its useful life if lessee intends to ...
The Mumbai Metropolitan Region Development Authority (MMRDA) is a body of the Government of Maharashtra that is responsible for preparation of Regional Plan for MMR and the infrastructure development of the Mumbai Metropolitan Region. [2]
Darbhanga Municipal Corporation or Darbhanga Nagar Nigam, is the civic body that governs Darbhanga, a city of Bihar in India.Municipal Corporation mechanism in India was introduced during British Rule with formation of municipal corporation in Madras in 1688, later followed by municipal corporations in Bombay and Calcutta by 1762. [1]
People who rent a home do not pay property tax. Municipalities combine their property taxes with a tax for garbage collection and for the sewer system. Owners and users of property and land also pay taxes based on the value of property to the water boards for flood protection and water and wastewater treatment ("waterschapsbelasting").
This model is also used in the residential space, but mostly for small units in high-demand locations. Here, the company signs a rental agreement with the owner and pays them a fixed rent. As per the agreement, the company is given the right to sublet the property for a higher rent. The company's income is the difference between the two rents.