Navi Mumbai Municipal Corporation tables Rs 4,950 crore budget

Navi Mumbai Municipal Corporation in Maharashtra on Tuesday tabled Rs 4,950 crore budget

The Navi Mumbai Municipal Corporation (NMMC) in Maharashtra on Tuesday tabled Rs 4,950 crore budget.

Navi Mumbai Municipal Commissioner Rajesh Narvekar on Tuesday approved a budget of Rs 4,950 crore for 2024-25, with no hike in taxes and emphasis on public welfare and civic development, reported the PTI.

Talking to PTI, Narvekar said an inclusive approach was adopted while formulating the budget, and suggestions from citizens were also incorporated.

The Navi Mumbai Municipal Corporation is expecting Rs 1,626 crore in Goods and Services Tax, Rs 900 crore in property tax, Rs 244 crore in government grants, Rs 104 crore from water cess, and Rs 90 crore by way of registration incomes and permits, among other income, he said, as per the PTI.

In the budget, Rs 954 crore have been earmarked for civic amenities, Rs 865 crore for administrative services, Rs 521 crore for water supply and sanitation, Rs 432 crore for solid waste management, Rs 216 crore for health services, Rs 250 crore for transport and Rs 180 crore for education, the official said.

Addressing concerns about pollution, especially due to infrastructure projects such as the Navi Mumbai airport and city redevelopment works, Narvekar assured measures to mitigate pollution levels.

The budget aims for swift completion of ongoing projects while upholding quality standards, facilitating accelerated city development and improving the quality of life for residents, he said.

Meanwhile, earlier this month, the Brihanmumbai Municipal Corporation (BMC) on Friday unveiled the annual civic budget for the financial year 2024-25.

The BMC, India's richest civic body, presented a Rs 59,954.75 crore budget for the year 2024-25.

The budgetary estimates this time are 10.5 per cent more than the 2023-24 amount of Rs 54,256.07 crore. The civic administration presented the budget to municipal commissioner Iqbal Singh Chahal, who was appointed as BMC administrator by the state government after the five-year term of corporators ended in March 2022.

"The budget estimates for the financial year 2024-25 are proposed at Rs 59,954.75 crore, which exceeds the budget estimates of 2022-23, that is Rs 54,256.07 crore, by 10.5 per cent," said the budget document.

This is the second time after 1985 that the BMC administration has presented the budget to an administrator as the five-year term of its corporators has ended.

BMC Budget 2024: Rs 928.65 crore allocated to BEST

According to the budget document, a total budget provision of Rs 928.65 crore has been allocated as a grant to the BEST undertaking in the proposed budget of 2024-25. 

"Considering financial position of BEST Undertaking, a provision of ₹800 crore is proposed in B.E. 2024-25 as a grant to BEST Undertaking to meet out expenditure on infrastructural development and purchase of capital equipments, repayment of loan, new buses on wet lease basis, pay revision, day-to-day expenses, ITMS project, payment of Diwali bonus to employees, gratuity and other dues of pensioners, electricity dues, etc.," the budget document has said.

(with PTI inputs)

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!