Home / News / India News / Article /
BEST wants a share of Mumbaiites' property tax
Updated On: 21 July, 2013 02:42 AM IST | | Shashank Rao
Reeling under annual losses of Rs 5,000 crore, BEST officials may soon request the BMC to include a new Transport Deficit Loss Recovery (TDLR) section in the property tax imposed on millions of Mumbaiites, so that they, too, could get a share of the money. As of now, BEST imposes TDLR only on island city dwellers who receive electric supply from the public sector undertaking
Loss making Brihanmumbai Electricity Supply and Transport (BEST) will soon submit a proposal to the Brihanmumbai Municipal Corporation (BMC) to add a new section within the property tax that will help them make some money too.
The BEST management has been cross-subsidising their profit-making electricity division with the loss-making transport wing for years. In May, the undertaking’s losses were around Rs 510 crore. File pic
Trending Stories
Latest Photos
Latest Videos
Latest Web Stories
ADVERTISEMENT
Mid-Day Fast
ADVERTISEMENT
ADVERTISEMENT