Rs 736.16 cr IMC budget presented amid protests | india | Hindustan Times
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Rs 736.16 cr IMC budget presented amid protests

MAYOR DR Uma Shashi Sharma today presented the Indore Municipal Corporation (IMC) budget for 2006-07 at Gandhi Hall amid loud sloganeering by Congressmen to protest water scarcity.

india Updated: May 16, 2006 17:07 IST

MAYOR DR Uma Shashi Sharma today presented the Indore Municipal Corporation (IMC) budget for 2006-07 at Gandhi Hall amid loud sloganeering by Congressmen to protest water scarcity.  

Tipping the account books at a mammoth Rs 736.16 crore, this budget is the City’s most ambitious ever, thanks largely to heavy funding from Jawaharlal Nehru National Urban Renewal Mission (JNNURM), Asian Development Bank (ADB) and HUDCO.

Addressing the IMC General Council after tabling the budget Dr Uma Shashi Sharma described it as a ‘vision document’ for the next five years. She then proceeded to list the budget’s salient features in a brief speech after which IMC Speaker Shankar Lalwani adjourned the session following a minute’s silence in memory of deceased BJP leader Pramod Mahajan.

The meeting will resume at 11 am on Tuesday when the budget will be taken up for discussion. The 2006-07 budget projects total earnings of Rs 72318.55 lakh against a projected expenditure of Rs 73616.95 lakh, with a deficit of Rs 3110.07 lakh.

Despite the Mayor’s earlier protestations a fresh set of taxes, both direct and indirect, have been levied in the budget.

The first - export tax - is to be imposed on goods manufactured within municipal limits and then sent out of the City. The export tax slabs will range from 0.10 per cent of the goods’ value (for edible substances, machine parts, and hardware etc) to a maximum of one per cent for country-made and IMF liquor, beer, opium and cannabis (bhang).

The budget also indirectly hikes property taxes by shifting several localities to higher rate zones. The stretch of road from Mhow Naka to Bhanwarkuan and Palsikar Square-Manikbag have been shifted from rate zones 2 to 1 while Clerk Colony to Pardeshipura have been moved from rate zone 4 to rate zone 3. With this, households and businesses in these areas will have to shell out additional property tax to the tune of Rs 100-500.

Women, though, have been done well by the budget being offered a slew of rebates and concessions on everything ranging from property tax to licence fees and general cleanliness tax. A sum of Rs 238.66 crore has been allocated to various departments in the budget. Of this, the lion’s share has been bagged by the Narmada project with allocations amounting to Rs 76.43 crore.

Public Works, Electrical (Rs 17.52 crore), Mechanical (Rs 13.05 crore) Accounts (Rs 13.90 crore) and Waterworks (Rs 12.69 crore) are the other departments that managed to grab a fair-sized chunk of the budgetary pie.  (Congress raises din p3)


Mayor’s appeal
‘‘The City needs a sum of Rs 1,000 crore for developmental tasks that will help achieve its true potential. Fresh revenue sources need to be identified to generate this amount.

The proposed export tax on manufacturers is a step in this direction. Residents of the City pay large amounts of money to the State and Central Governments in the form of income and commercial tax. If the same diligence is shown in paying monies owed to IMC, the City will undergo a complete metamorphosis.’’