BMC generates record revenue of Rs 150 crore – The New Indian Express

By Express press service

BHUBANESWAR: Despite the Covid-19 pandemic and city elections, the Bhubaneswar Municipal Corporation (BMC) managed to generate revenue of Rs 150 crore from various sources in the financial year 2021-22.

Revenue generated by the civic body in the last fiscal year which ended on Thursday is a record collection, BMC Deputy Commissioner Srimanta Mishra said. It is also 27% more than its previous financial year (2020-21) when the civic body’s overall revenue collection was around Rs 118 crore.

“This is a major achievement for us as the collection, especially the withholding tax, was done in the old slab as per instructions from the state government,” Mishra said.

The civic body in March 2021 had increased the detention tax on the basis of the revision of the reference value of the land cost in the capital by the department of general administration in 2019. Moreover, the confinement during the second wave The pandemic and restrictions in the third wave in January, followed by the ULB elections, also posed a challenge for BMC in raising revenue.

Besides the withholding tax, BMC officials said a huge amount of revenue was collected for NOC charges from infrastructure, particularly the real estate sector, where the civic body received 1% of the NOC amount.

Sallie R. Loera