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In spite of this, due to a strong revenue base in form of taxes, there was a revenue surplus of INR 78 crores and an overall surplus of INR 18.98 crores (including capital account). Revenue income is primarily earned by NMC or for NMC by some external sources. Among own sources, the largest source is octroi (47%) followed by property tax (18%).
This trust works along with Nagpur Municipal Corporation (NMC) which is an elected body of city representatives (Corporation). NIT itself is not a democratically elected civic body and has members appointed in it from various levels like Government of Maharashtra , NMC and other representatives of Nagpur.
The Nagpur Metropolitan Region Development Authority (NMRDA) is the urban planning agency of Nagpur in the Indian state of Maharashtra. The NMRDA administers the Nagpur Metropolitan Region, spread over an area of 3,567.37 km 2 (1,377.37 sq mi). It replaced the erstwhile Nagpur Improvement Trust. [1]
The duties entrusted to the Nagpur Municipal Council were to maintain cleanliness and arrange for street lights and water supply with government assistance. The Municipal Corporation came into existence in March 1951. Nagpur is administered by the Nagpur Municipal Corporation (NMC), which is a democratically elected civic governing body. The ...
Maharashtra has 29 Municipal Corporations, 232 Municipal councils and 125 Nagar Panchayats.. These urban local bodies are governed by Maharashtra Municipal Corporations Act, 1949, [1] Mumbai Municipal Corporation Act, 1888 [2] and The Maharashtra Municipal Councils, Nagar Panchayats and Industrial Townships Act, 1965.
“Delaying a $40 million line of credit payment for a year to avoid a property tax isn’t savings. That payment is now going to cost us the same $40 million next year, plus interest penalties ...
The Mayor of Nagpur is the first citizen of the Indian city of Nagpur. The mayor is the chief of the Nagpur Municipal Corporation. The mayor's role is largely ceremonial as the real powers are vested in the Municipal Commissioner. The mayor is elected from within the ranks of the council in a quinquennial election.
RMDs tell folks how much they need to take out from their tax-deferred retirement accounts. For instance, a traditional IRA and employer-sponsored retirement plans like 401(k)s have RMDs but a ...