IndustryLatest Stories

Pune Civic Body Hits Revenue Loss as State Halts Tax Recovery

PUNE: The civic body that faced revenue losses in the 2024-25 fiscal owing to ongoing legal disputes regarding property tax in merged areas might encounter the same challenges in the 2025-26 financial year, as the state government maintains its ban on tax recovery. In 2024, the state mandated a halt to property tax collection from merged regions and ordered the Pune Municipal Corporation (PMC) to limit property tax to no more than twice the rates previously set by the grampanchayats, following complaints from residents of the newly integrated areas about high civic taxes. The absence of specific regulations within the…

InfrastructureLatest Stories

No separate body for merged areas, says Maharashtra minister

PUNE: On Thursday, State Industries Minister Uday Samant stated that there is “no immediate plan” to establish a separate municipal corporation for newly merged areas, as the state government is allocating funds for their development. Samant emphasized that the Pune Municipal Corporation (PMC) is providing sufficient funds for the development of these regions. The drafting of a development plan for the 23 merged areas is currently in progress, with approximately Rs 250 crore assigned for water supply projects and Rs 130 crore allocated for drainage works. PMC has also committed Rs 160 crore towards road development. “The government is dedicated…