Maharashtra government contemplates Mumbai Development Fund | mumbai | Hindustan Times
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Maharashtra government contemplates Mumbai Development Fund

mumbai Updated: Jul 01, 2010 16:46 IST

Maharashtra Chief Minister Ashok Chavan on Thursday said his government was contemplating creating a Mumbai Development Fund by levying certain charge on developers on the route of Monorail and Metro Rail in the megapolis.

Talking to reporters in Mumbai, Chavan said wherever development works take place, property prices in the area appreciate and hence the idea is to ensure that the government too benefits.

"Deliberations are on whether a certain charge can be taxed on first commercial transaction which takes place. The money can be utilised for development works meant for the public. Nothing has been finalised," the Chief Minister said.

Replying to questions, Chavan said his government has geared up to ensure that normal life is not disrupted in Mumbai and Maharashtra during the Bharat Bandh called by the opposition parties on July 5 to protest against fuel hike.

"Certain political issues have been raised by the parties and I would not like to comment on them. But, my task is to see that life is not disrupted and whoever tries to do it, will be taken to task," the Chief Minister warned.

Chavan said his administration is in the process of preparing the legal process to move the Supreme Court against the High Court judgement striking down the "Best Five" scheme.

"The Attorney General has told me that the apex court opens on July 5," he said.