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    Published On : Mon, Oct 5th, 2015
    Latest News | By Nagpur Today Nagpur News

    How can NMC send projected amount for LBT compensation?

    Nagpur: As the LBT is gone from the purview of Nagpur Municipal Corporatin, the civic body appears ina hurry to mop up compensation. So much so that instead of sending the actual figures, NMC dispatched projected revenue loss due to abolition of LBT. However the Chief Minister has ordered consideration of compensation as per the norms prescribed by the government. Against the montly compensation of Rs 65 crore projected by NMC, the government has decided to provide only Rs 30.98 crore per month.

    The chief minister has come clear on this stand saying, “They have sent the projected revenue instead of the actual figure. They have calculated that had LBT continued it would have increased at a certain rate and reached a certain figure. We are compensating municipal corporation on the basis of actual revenue collection,” he said.

    The government has, however, recently abolished LBT on petrol and diesel, which was not taken into account at the time of deciding the compensation formula. The NMC has taken an extra hit of 55 crore due to this decision.

    The CM has also dashed the hopes of NMC on Mor Bhavan issue. While mayor Pravin Datke wanted Maharashtra State Road Transport Corporation (MSRTC) to hand over the bus stand to NMC, the CM has directed ST to give it on rent to NMC.

    The urban development ministry’s proposal to sanction a floor to space index (FSI) of 4 only to plots having an area of 1 acre or more has spread panic among officials of Nagpur Metro Rail Corporation Limited (NMRCL). The officials as well as builders say that it is next to impossible to pool in so much land. NMRCL fears that its 20,000 crore target through sale of extra FSI and 1% stamp duty surcharge will go for a toss. Earlier, the minimum area was 10,000 square feet.

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