Patna News Desk

08 Apr 2026

Patna Municipal Corporation reported a record property tax collection of INR 125 crore in FY 2025-26, crossing its target and showing steady growth over previous years. The increase was supported by stricter enforcement, a one-time settlement scheme with penalty waivers, and expansion of the tax base through surveys. Around 2.45 lakh properties were covered under tax collection, improving compliance. The civic body also strengthened monitoring and recovery efforts, while total municipal revenue stood at nearly INR 250 crore from multiple sources.Read more

Visakhapatnam News Desk

07 Apr 2026

The Greater Visakhapatnam Municipal Corporation recorded its highest-ever property and vacant land tax collection of around INR 620 crore in FY 2025-26, exceeding its target of INR 600 crore. The growth of about 22 per cent over the previous year was supported by new property assessments, revision of high-value properties, and improved recovery efforts. Incentives such as early payment rebates and interest waivers also boosted collections. Strong performance during key months and better administrative monitoring helped the civic body maintain steady revenue throughout the year.Read more

07 Apr 2026

The Nashik Municipal Corporation has recorded its highest-ever property tax collection at INR 287 crore in the financial year 2025-26, reflecting a 10 percent increase over the previous year. The growth was supported by amnesty schemes, early payment rebates, and improved recovery of pending dues. Key divisions like Cidco and Panchavati contributed a major share. The civic body also expanded its tax base by adding new properties, helping improve overall compliance and strengthen revenue performance.Read more

07 Apr 2026

The Varanasi Development Authority (VDA) has approved an INR 2,866.20 crore budget for the financial year 2026-27, marking a significant increase over the previous year. Operational income is estimated at INR 2,070.61 crore and expenditure at INR 2,069 crore. Major revenue sources include land sales and compensation, while expenditure is focused on township development, infrastructure, and administrative projects. Compensation under schemes like Madhni, Ganjari, and Kallipur will total around INR 1,700 crore, supporting major residential and integrated development projects under the Mukhyamantri Shahri Vistarikaran Yojana.Read more

07 Apr 2026

The Reserve Bank's Monetary Policy Committee (MPC) is set to announce its first bi-monthly review of the fiscal year after a three-day meeting. Analysts expect the central bank to maintain the current benchmark lending rate, balancing retail inflation trends and global uncertainties. While domestic inflation is nearing the RBI's 4% target, rising crude prices and a weaker rupee pose upward risks. Experts note that the MPC will monitor liquidity, financial stability, and capital flows closely. The RBI's cautious approach reflects a focus on flexibility amid volatile global and domestic conditions.Read more

07 Apr 2026

Foreign firms drove India's office leasing to record levels in the January-March quarter, with 9.1 million sq ft leased for Global Capability Centres, marking the highest quarterly figure ever. Total gross leasing across the nine top cities rose 5 per cent to 20.7 million sq ft. Demand spans multiple sectors, including technology, BFSI, and e-commerce, and is led by both Fortune 500 companies and smaller GCCs. American companies contributed 73 per cent of leasing. Bengaluru, Delhi-NCR, and Mumbai together accounted for 67 per cent of total leasing, and demand is expected to remain strong through 2026.Read more

07 Apr 2026

Bank of Maharashtra reported strong growth across key financial parameters in the fourth quarter of FY26. The bank's total credit rose 22 per cent year-on-year to INR 2.92 lakh crore, supported by steady expansion in corporate and retail, agriculture, and MSME (RAM) segments. Deposits increased 14 per cent to INR 3.50 lakh crore, while total business grew 18 per cent to INR 6.42 lakh crore. The CASA ratio also improved, indicating a higher share of low-cost deposits, which supports better margins and operational efficiency.Read more

07 Apr 2026

The Rajkot Municipal Corporation narrowly missed its property tax collection target for FY 2025-26, collecting INR 447.93 crore against a target of INR 455.8 crore. Despite the shortfall, collections grew by 8.44 per cent compared to the previous year, supported by better recovery efforts and increased digital payments. However, tax compliance remained a concern, with nearly one-fourth of property owners not clearing dues. The civic body also continued enforcement actions, including property sealing, to improve recovery levels.Read more

07 Apr 2026

Uttar Pradesh is looking to strengthen its economic ties with Singapore following a recent high-level meeting between Chief Minister Yogi Adityanath and Singapore's High Commissioner to India. The discussion focused on boosting investments, improving skill development, and expanding cooperation in infrastructure and cultural sectors. Singapore has shown growing confidence in the state's business environment, with companies planning expansion and a new delegation expected to visit soon. The state government is also preparing an investment roadmap for key regions to ensure balanced growth and attract global investors.Read more

07 Apr 2026

The Vijayawada Municipal Corporation (VMC) has reported total tax collections of about INR 267 crore for FY26, slightly exceeding its target of around INR 265 crore. The improvement came after slow collections in the initial months, which pushed the civic body to intensify recovery efforts. Measures such as strict action against defaulters, disconnection of services, and focused collection drives helped bridge the gap. Increased field monitoring and notices also supported the process. The outcome reflects better compliance and highlights the importance of sustained efforts in strengthening municipal revenues.Read more