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Kolkata Project news for Kolkata Metropolitan Region - Kolkata, Howrah, Bidhan Nagar (Salt Lake), Nabadiganta (Sector V), New Town, Kalyani



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Old January 13th, 2012, 08:17 PM   #441
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Old January 31st, 2012, 07:14 AM   #442
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Kolkata seeing development along metro route

Kolkata realty sector is expanding and a fair number of new residential and commercial projects are being launched. Enhanced demand of houses in the affordable and premium price brackets has fuelled city developers to launch new residential projects across the city. Growth of software industry and opening up of IT sector has also resulted in paradigm shift in the living styles of the individuals and a felt need for premium homes in the city as anticipated by city realtors.

To bridge the gap the city is expanding towards the outskirt areas. Localities such as EM Bypass, Tollygunj, Bansdroni Road are gaining importance as residential and commercial hubs. According to magicbricks.com data these areas have witnessed an average increase of 8-10 per cent in the year 2011-12.

Kolkata following Delhi NCR footsteps is seeing new real estate developments along the metro route. Areas such as Bansdroni Road located at 10 kms from city centre, near surya sen metro station is witnessing new residential projects.

According to Sudhakar P Kumar, developers are launching new projects in both, the premium and affordable segment at Bansdroni Road and are noticing quite a significant number of transactions. Residential projects such as Meghdoot, Gulshan, Swastik, Ashoka Heights are few of the upcoming ventures offering 2 and 3 BHK apartments. An individual can book a residential apartment at basic sale price of Rs 2,000 to 2,600 per sq ft and the bulk price of Rs 20 to 30 lakh.

Strategically located near metro station, railway station and at a distance of a km from neighbouring school, hospital, entertainment hub etc, these upcoming projects enjoys locational advantage. Surfaced with all the basic and luxury features such as parking, power back up, water supply, quality fitting and construction they are aimed to provide classy lifestyle to the end-users.

New projects are attracting buyers and investors from near and far place as the current capital values is in the affordable price range. Also, it is expected that the prices will appreciate after completion and they will become premium as stated by Kumar.


http://content.magicbricks.com/kolka...ng-metro-route
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Old January 31st, 2012, 10:52 AM   #443
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Looks more like advertisement from the vested developers
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Old February 2nd, 2012, 01:14 PM   #444
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Office space leasing up 8% in 2011: DTZ India

Ravi Teja Sharma, ET Bureau Jan 17, 2012, 03.32PM IST


NEW DELHI: Commercial office space take-up across India's top seven cities in 2011 was up 8% over last year, says property consultancy DTZ India.

The demand for office space was high in the first half of 2011 when significant deal closures happened but demand slowed down considerably during the second half. Bangalore, Delhi, Chennai and Mumbai saw higher than the average quarterly take-up during Q4 2011, while the other Indian markets reported weaker sentiment from occupiers.

In the four quarter of 2011, project completions fell by 45% quarter-on-quarter, reflecting declining developer confidence in several markets. Availability continued to decline in most markets in Q4, as demand for space exceeded new supply. Interest rates in India appear to have peaked in the wake of a drop in inflationary pressure during the final quarter of the year. However, occupiers remain cautious regarding the business outlook and expansion plans against a backdrop of global uncertainties.

The next few months are likely to be critical in deciding the direction of the economy and hence the office real estate sector in the country.
The total office stock in 2011 stood at 370.24 million sq ft as compared to 335.40 million sq ft in the previous year, an increase of 9.4% y-o-y. Total new supply in 2011 stood at 34.92 million sq ft as compared to 34.09 million sq ft in 2010.

Kolkata witnessed the highest increase (of 16.5%) in stock y-o-y followed by Pune and Delhi NCR at 14.1% y-o-y and 13.7% y-o-y respectively. Bengaluru witnessed the lowest increase (of 5%) in stock y-o-y followed by Hyderabad and Chennai at 7.4% y-o-y and 7.8% y-o-y respectively.
Overall take-up stood at 36 million sq ft for 2011, representing an increase of 8.8% from last year. Barring Mumbai and Pune, all the seven cities saw an increase in y-o-y take-up. Mumbai witnessed the sharpest fall (of 30%) y-o-y followed by Pune at 25% y-o-y. Bengaluru saw the highest take-up of 11 million sq ft in 2011 followed by Delhi NCR and Mumbai at 6.03 million sq ft and 5.6 million sq ft respectively.
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Old February 3rd, 2012, 01:19 PM   #445
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Kolkata-based Concast to invest Rs 8 bn in Arunachal cement plant

Kolkata-based Concast Group has earmarked a Rs 8 billion investment to set up a 1.2 million tonnes per annum cement plant in Arunachal Pradesh. The company is awaiting environmental clearance for the project which would come through within a month. The plant will be operational within two years of getting clearance.

The company which acquired majority stake in a 0.5 mtpa cement plant at Jamshedpur in Jharkhand, will invest Rs 3 billion to expand the capacity of the plant to 1.2 mtpa by the end of 2012. Besides, the company also plans to invest Rs 5.50 billion to upgrade capacity of its steel plant at Jharsuguda in Orissa from 0.5 mtpa to 1.4 mtpa.


http://www.projectsmonitor.com/CEMEN...l-cement-plant
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Old February 14th, 2012, 06:25 AM   #446
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US trade mission to visit city

Port and maritime trade mission, the first trade delegation from the US to visit Calcutta since 2008, will be in the city on Friday to interact with regional stakeholders. Seven US-based companies and two government agencies will participate in the sessions conducted by the US Commercial Service in partnership with the Bengal Chamber of Commerce and Industry. he mission will also visit Haldia, Chennai, Ahmedabad and Delhi.


http://www.telegraphindia.com/112021...15131517.jsp#1
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Old February 21st, 2012, 10:09 AM   #447
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Partha,HPL lenders meet,discuss debt rejig

cc: TNN

State commerce and industries minister Partha Chatterjee on Monday met the lenders of Haldia Petrochemicals to find a path to bring the beleaguered petrochem firm back on track.After an hourlong meeting with lenders,Chatterjee told reporters that he has discussed 3-4 issues including the pending corporate debt restructuring of HPL.
Commenting on the ownership issue,Chatterjee said the state government would sell stake in HPL in a transparent manner.We are now taking legal views, he added.
Representatives of IFCI,IDBI Bank,ICICI Bank,PNB,SBI,Allahabad Bank and Union Bank of India were present in the meeting.The lenders were supposed to convert Rs 128 crore debt into equity at par basis (Rs 10).However,the conversion has not yet been done.They have discussed issues like CDR package,cost overrun in project Supermax and technical glitches in the plant that led to frequent shutdowns, Chatterjee added.
Total debt of HPL is around Rs 3,700 crore.It has Rs 2,000 crore term loans and Rs 1,700 crore working capital.The paid-up equity of HPL is Rs 1,560 crore.
It may be noted that the petrochem outfit is now facing a tough time.The combined effect of downcycle in petrochemicals and shutdowns had translated into Rs 418 crore loss for HPL in the first six months of this fiscal (2011-12 ).It may witness erosion of close to 50% of the pick networth by end of this fiscal.Sources said the petrochem firm may plunge into over Rs 600 crore loss in 2011-12 following the downturn in petrochem industry that started last December.ICRA has also downgraded HPL from BBB+ to BBB-.
It has faced four shutdowns in last 8 months.The last shutdown was in January 2011,which went on digging a hole of Rs 35 crore in the firms pockets.HPL faced shutdown in July-August too.
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Old February 21st, 2012, 10:10 AM   #448
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A video relating to the above mention report

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Old February 21st, 2012, 06:28 PM   #449
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Beating expectations of most, Kolkata saw a striking growth rate in rental values in 2011 making it one of the fastest growing office markets in Asia. Kolkata's Rash Behari Connector (Ruby) saw the highest rental values appreciation of 28.1% over last year. Three other locations including Park Circus Connector (26.1%), Dalhousie Square (24%) and Park Street/ Camac Street (18.4%) also recorded high growth in rental values. This was largely due to the fact that quality office space supply is scarce in these locations thus the limited available Grade 'A' supply has started to command a premium over others.

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Source:
http://www.moneycontrol.com/news/rea...cw_671569.html
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Old February 23rd, 2012, 10:19 AM   #450
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West Bengal may get first textile park

Business Line
Kolkata, Feb. 22:



If things go as planned, West Bengal may have its first textile park designed on the lines of Tirupur in Tamil Nadu by end of next year.
The West Bengal Hosiery Association along with the State Government will set up the park in Jagdishpur in Howrah, nearly 20 km from Kolkata.
Once a major hosiery producing centre; West Bengal lost out to Tirupur following lower production costs and cheap labour.

Companies also found better opportunities there and relocated to Tirupur.
The State currently has nearly 2,500 small and medium units along with big names like Amul, Rupa and Lux operating here.

OPERATIONAL BY 2015
While Tirupur accounts for an annual average production of Rs 10,000 crore worth of hosiery, Kolkata accounts for a mere Rs 2,000 crore worth of hosiery.

According to Mr Sanjay Jain, Vice President, West Bengal Hosiery Association, work on setting up the park is expected to be completed in another year's time.

“By 2014-15 you will see the whole park being operational,” Mr Jain toldBusiness Line.


Special purpose vehicle
The hosiery park will be developed through a special purpose vehicle (SPV), West Bengal Hosiery Park Infrastructure Ltd (WBHPIL).

It is expected to generate over 10,000 plus jobs through the 170 small and medium units that are expected to be placed there.

The park, developed as a special cluster zone, is being built at an expected investment of Rs 100 crore on nearly 100 acres of land.
Around Rs 40 crore has been sanctioned under the Centre's Scheme of Integrated Textile Park (SITP).
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Old February 23rd, 2012, 10:35 AM   #451
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Apparel Park at Barasat

RDB Industries is planning to set up a garment and apparel park in West Bengal. The proposed park will be spread over 22 acre at Barasat in North 24 Parganas. The company will invest Rs 400 crore for setting up the park in phased manner. Work on the project is expected to commence in February 2012 and Phase I of the park will be ready in the next 18 months. The Phase I will be able to accommodate close to 200 units. The entire park is expected to be completed by 2018. On completion, the park will be able to house around 1,000 manufacturing units.
*********************
News coverage
Garment & apparel park
The Statesman
KOLKATA, 29 JAN: The government will closely monitor the purchase of land at Chotojagulia in Barasat by private entrepreneurs for setting up a garment and apparel park, said Partha Chatterjee, the state commerce and finance minister. He was speaking at the foundation stone laying ceremony of a garment and apparel park in the Chotojagulia area in Barasat. Mr Chatterjee said the land, which was acquired for setting up industries, must be used for the same purpose. He asked the officials of the company to strictly adhere to the land acquisition law while acquiring land for the park. The park is proposed to be set up on a plot of 122 acres of which 22 acres have already been acquired. Mr Chatterjee said: “Thirty-thousand people will get employment in the garment producing unit which is likely to come up within the next 18 months. Moreover, a new industrial hub will be set up at Bishnupur in Bankura while an IT hub will be set up in Rajarhat. The government is also taking initiatives to set up textile industries in Maheshtala, Nadia and Howrah.
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Old February 24th, 2012, 03:11 AM   #452
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Bengal drill for better ore access

OUR BUREAU

Banerjee: Seeking solution
Calcutta, Feb. 23: The Bengal government has mounted pressure on the Centre for access to crucial natural resources — coal and iron ore.

While chief minister Mamata Banerjee took up the issue of iron ore with Prime Minister Manmohan Singh, state industry minister Partha Chatterjee has shot off a letter to the Union coal minister seeking faster allocation of mines.

“The chief minister has called for a national iron ore policy to be framed on the lines of a national coal policy. Jharkhand and Chhattisgarh have control over iron ore and the two states are reluctant to share the resources with other states,” Chatterjee today said at Writers’ Buildings.

Mamata’s letter to the Prime Minister followed her interaction with JSW Group boss Sajjan Jindal during Bengal Leads where the promoter said his Rs 35,000-crore project in Bengal was stuck for want of iron ore.

Sources said Mamata had cited the example of coal that is ferried to other states from Bengal, adding that other states should similarly share their iron ore.

The previous chief minister, Buddhadeb Bhattacharjee, had also raised the issue of iron ore with the Prime Minister.

Chatterjee said he had written to Union coal minister Sriprakash Jaiswal requesting speedy allocation of nine more blocks to Bengal.

Former industry minister Nirupam Sen had also repeatedly written to the Centre for nine coal blocks. Bengal did not receive any new mine after 2007.

“Of the 15 coal beds reserved for Bengal, six have been provided. I have asked the Union minister to expedite the process so that the remaining nine are made available. The power utilities and steel industry need more coal,” said Chatterjee.

The minister also said he would request the Centre to give back a coal block that was allocated to West Bengal Power Development Corporation Ltd (WBPDCL). The Left Front government had given it back to the Centre as it was unable to develop the block.

“We want the Centre to reconsider this matter,” Chatterjee added.

In 2011, the coal ministry took away the East Damagoria captive coal block for the 1000MW Katwa power project. The coal block, having a reserve of 30 million tonnes, was allocated in 2009.

A senior WBPDCL official said it was the state government’s decision that the block should be surrendered.
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Old February 25th, 2012, 06:58 PM   #453
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West Bengal government to seek re allotment of 10 coal blocks

ET reported that the West Bengal government will seek re allotment of 10 coal blocks that were offered during the Left Front regime but were not taken up by the state. The blocks included the one earmarked for the West Bengal Power Development Corporation.

WB industry minister Mr Partha Chatterjee told reporters that "We are sending a letter to union coal minister Mr Sriprakash Jaiswal seeking re allotment of 10 coal blocks, including one earmarked for the WBPDCL, which were given to the state during the previous Left Front regime but not taken.”

The centre had allotted 16 coal blocks in all but only six were taken by the previous government.

He said that the state government would honor all the pre conditions required for acquiring the blocks.

source ET
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Old February 26th, 2012, 03:55 AM   #454
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Quote:
City beats other metros in office rent growth
KOLKATA: Bandhs and lockouts may have tarnished the image of the city over the years, but believe it or not, Kolkata has beaten the likes of Mumbai, Delhi and Bangalore to record the highest growth in office space rentals in the country. What's more? Not one, but four locations in the city - Rashbehari connector, Park Circus connector, Dalhousie Square and Park Street - figured in the list that recorded the highest rental growth in office space last year.
Source:http://timesofindia.indiatimes.com/c...w/12037611.cms
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Old February 26th, 2012, 01:21 PM   #455
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Nasscom suggests ‘virtual SEZ’ option
Aparajita Gupta TNN

Kolkata:In the wake of the controversy over the proposed SEZs, IT body Nasscom has a suggestion. It wants the Bengal government to consider giving a “virtual SEZ” status where it can tweak some of the rules of SEZ, like land requirement, without doing away with the other conditions.
“The West Bengal government may decide to suggest the modification of the current SEZ policy to include the concept of virtual SEZ wherein there are no restrictions on size, but they reflect other conditions of the SEZ policy,” Suparno Moitra, regional manager (east), Nasscom, told TOI.
He said Nasscom fully understands and respects the philosophy of the current government in power, which primarily opposes SEZs because of two fundamental reasons. Firstly, it involves the acquisition of large tracts of land, which leads to displacement of people and the government does not want that without having a proper rehabilitation act in place. Secondly, being granted a public utility status, SEZs are definitely non-strike zones, but that goes against the fundamental right of workers to voice their rightful concern.
But he underlined the fact that the decision of the Bengal government not to recommend an SEZ status for Infosys or Wipro to the Board of Approval can potentially derail the future growth of this sector, affecting investment in West Bengal and loss of potential employment opportunity for rural and urban youth. “Not recommending an SEZ will have significant adverse impact on West Bengal’s ability to attract investment in the IT/BPO sector,” he said.
Of late, a lot of hue and cry has been raised in the state regarding the state government’s stand against SEZ and the impediment it is causing to the two upcoming IT projects in the state — Infosys and Wipro.
Both Infosys and Wipro had taken 50 acres in Rajarhat for Rs 1.5 crore per acre for their projects. While Infosys made full payment for the land last October, Wipro is yet to clear the entire amount. So far, it has paid only one-third of the total money. Recently, Infosys has written a letter to Housing Infrastructure Development Corporation (HIDCO), seeking clarification on its SEZ status in the state.
Talking about its stand on the SEZ, one of the Wipro officials said: “I am extremely hopeful about the project. The state government is trying to find out some way to give us the SEZ status. The issues are being handled by the top management of Wipro and the higher officials in the state government.”
Although Infosys refused to comment, it clarified that it has not got any official communication from the state government on the SEZ yet.
“As far as Infosys is concerned, they will not have a level playing field considering the fact that they will have to operate without SEZ benefits,” Moitra said.
He added that the IT BPO has been well recognized as a growth engine for the country and the state of West Bengal has been a leading contributor to this sector. “Exports are very strategic to Indian economy. SEZs offer great encouragement for export for both manufacturing and services sector by improving competitiveness by attracting investments and creating jobs. Given our infrastructural constraints, SEZs offset some of the disadvantages.”
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Old February 27th, 2012, 12:07 AM   #456
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Suncity this is the data we were looking for a while.
Quote:
Originally Posted by chennaidesi View Post
No more waiting for chocolating.

Here you go guys the one most important data the whole SSC wants to see.

State-wise and District-wise and component wise GDP of Indian states(But only upto 2006 data)

http://planningcommission.nic.in/pla...=ssphdbody.htm

Enjoy and please write your opinions and start the discussions about cities and states in a healthy way. If Indicus does not gives us free we can get it from Planning commission.
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Old February 27th, 2012, 01:22 AM   #457
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Quote:
Originally Posted by chennaidesi View Post
Suncity this is the data we were looking for a while.
Thanks.



Noticed that Gujarat and Delhi data are missing.

Also I looked at the per capita income at current prices:

1. Chennai - Rs 42,259 (2005-2006). Interestingly Chennai was not the richest in terms of per capita in TN.

2. Mumbai - Rs 78,975 (2006-2007)

3. Kolkata - Rs 60,286 (2006 -2007)

3. Bangalore Urban - Rs 69, 418 (2005-2006)

5. Ernakulam - Rs 62,065 (2006 - 2007)

6. Hyderabad - Rs 44,316 (2005-2006)

Would be interesting to see how the Singur issue had a negative impact on West Bengal and Kolkata. I have seen some statistics which show how after the Singur fiasco, many states powered away while West Bengal got bogged down in useless chatter about why we should build industries in thin air. All this propelled partly by self declared intellectuals, partly by a government which didn't have the confidence to push through its industrial agenda and partly by an opposition which played its best to pull the state down so that it could ascend the throne. The bad effects of that are for all to see. The investors who had finally turned their attention to West Bengal pre 2006 have now turned cold even to all the warm hearted gestures by the new regime. As it is said - it takes ages to build a good reputation, it takes ages to wipe out bad reputation but it only takes minutes to earn bad reputation. That lesson has not been learnt by West Bengal's political parties.
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Old February 27th, 2012, 05:04 AM   #458
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Yes. Virudhunagar tops TN and also other districts like Coimbatore,Tuticorin and KK are slightly more than Chennai.
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Old March 3rd, 2012, 07:29 AM   #459
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ITC to boost paper, power capacity at Tribeni

Diversified conglomerate ITC has decided to raise the production capacity at its Tribeni paper plant alongside setting up a new environment-friendly captive power plant.

The plant, located in Hooghly district of West Bengal, specialises in fine papers, tissues, decor papers and other specialty papers.
ITC has proposed to raise its capacity by 27,500 tonne per annum (tpa) from the current 33,500 tpa.

Full report: http://www.dnaindia.com/money/report...ribeni_1657723
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Old March 23rd, 2012, 02:23 AM   #460
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West Bengal budget: Amit Mitra under pressure to mobilise resources without taxing public


KOLKATA: Fridays may bode danger even if its not the 13th. On Friday the 23rd, Amit Mitra risks a lot as he rises in the assembly to present his maiden state budget for West Bengal .

If the Dinesh Trivedi incident is any indication, he would by now have banished all thoughts of taxing what chief Mamata Banerjee frequently refers to as Ma, Maati, Manush - the all-inclusive formula for either getting votes or arm-twisting Manmohan Singh. The other great headache for Mitra is that no amount of pressure tactics has made the Centre open up its purse strings for Mamata's impoverished state.

Bankrupt as he is, he has to mobilise revenue to finance growth, without taxing the common people and with almost empty coffers. It would really be interesting to watch how the Duke University doctorate conjures funds to ensure growth of certain desperate sectors of the state's economy like public health, sanitation, education and housing. "The finance minister needs to address some conflicting requirements," said Bharat Chamber of Commerce president Ashoke Aikat.

"We expect the finance minister to impose taxes only on luxury items, which are the so called safe areas and does not burden the common people," said P Roy, director-general of the Bengal Chamber of Commerce & Industry. "However, we do expect a lot of revenue raising measures as collection is far short of target this year," he said.

There again, Mitra has a problem to contend with. His main source of revenue mop-up will have to be sales tax. Now, there are a few popular choices, but should he overdo in his zeal to tax high-end, high-cost items only, he would earn the displeasure of the affluent. As it is, the Union budget is expected to have a spiralling impact on costs of most items. Sales tax added, these items will be too costly, as far as votes are concerned.

He would be creating noises about job generation for sure, since that's a popular gimmick with his mentor. And he would be turning to the usual MSME, horticulture, floriculture sectors etc and say how he is going to create more and more economic opportunities so that some 26 million small-scale units can revive.

These are by now known sound-bytes that very few in these nine months have believed seriously. But fact remains that till the end of February, the state has collected Rs 26,318 crore through taxes, while the target is Rs 39,538 crore. And the economic problems of West Bengal are so many and so intense, that Mitra will be at his wit's end to provide for all - even allowing for the fact that he may really try to crank up Mamata's favourite PPP (public private partnership) theory and apply it liberally across board in a faint hope that funds through this means may come.

Mitra may go for a massive financial reform and boost revenue collection by streamlining the tax system and the state does need a generous allocation in public health, women & child welfare, lowcost housing units for the weaker sections etc. He may try to push banks to make loans accessible to farmers, Muslims and weaker sections.

"Availability and storage of clean drinking water in an affordable way is a pre-requisite for every household and we are aware that our government is working tirelessly to ensure that every individual access to potable water," Patton Group managing director Sanjay Budhia.

The grapevine at Writers Buildings has it that the government is actively considering a proposal to convert leased lands to free-holding lands to enable owners to sell properties freely and to generate earnings out of such deals. Some expect rationalisation in the stamp duty structure which is on the higher side in the state.

While Mitra may lose sleep, the one who would chuckle all the way till Friday would be CPM's Asim Dasgupta, whom Mitra defeated in the elections. He has ensured Mitra had nothing much left in the coffers to steal the thunder.

http://economictimes.indiatimes.com/...w/12375501.cms
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