EDMC proposes new taxes for improving its financial health

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In order to improve the financial condition of the East Delhi Municipal Corporation (EDMC), a number of measures, including levying new taxes and generating income from various other sources were proposed by its Commissioner Dr Puneet Goel in his budget speech for next financial year on Monday.

The Commissioner said that the civic body collected Rs 31.73 crore from 83 surface parking lots in 2017-18 financial years. He proposed the target to collect Rs 50 crore for the next financial year.

Goel in his speech also proposed to collect Rs 314 crore from property tax. It was also proposed to introduce new taxes , education cess,  betterment tax and professional tax to generate revenue for the  EDMC that is already in red.

EDMC commissioner said that in Rs 240 lakh was collected in the current financial year for releasing of "Health Trade License" by October 2018. "Apart from this, about 22 lakh rupees collected by conducting 280 raids for the regulation of health business and 7,714 prosecutions have been conducted against the violators of health trade related conditions," he said.

He said tenders have been issued to develop multi-storey/ stack car parking in Geeta Colony, Babarpur and Nand Nagari. All these parking would be constructed at the cost of Rs 90 crore with having a combined capacity to accommodate 650 cars. Further, 30 places have been identified for expansion of parking facilities, he said.

He also announced that the EDMC would also construct school at Karawal Nagar, Garhi Mandu, Johripur, Tahirpur, Mansarovar Park-2, Krishna Nagar, Radhepuri, West Vinod Nagar, Geeta colony, New Kondli, New Kondli , Trilokpuri etc.

The civic body also earned revenue of Rs 26.09 crore after sealing of units initiated in the Vishwas Nagar area during August-September this year. The corporation also recovered Rs 53, 47,922 in lieu of issuing new license from April 1to 31 October. On the other hand, the Corporation has received income of Rs 5, 46, 9 00 in lieu of renewing the house-hold license.

Daily Pioneer
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