crucial 60 days nmc races against time to bridge 234 cr property tax shortfall

Crucial 60 Days: Nmc Races Against Time To Bridge ?234 Cr Property Tax Shortfall

41 days   👁 330

Nagpur : With just 60 days left in the financial year, the cash-strapped Nagpur Municipal Corporation (NMC) faces an uphill battle to meet its ?429 crore property tax target. As of January 29, the civic body has managed to recover ?194.47 crore, leaving a significant shortfall of ?234.52 crore, further exacerbating its fragile financial position. The sluggish tax recovery forced NMC to take a ?500 crore loan to fulfil its share of funding for State and Central government-backed infrastructu