GCC has debt of Rs 1,488.5 crore, paying Rs 8.5 crore as interest
3 weeks, 3 days ago

GCC has debt of Rs 1,488.5 crore, paying Rs 8.5 crore as interest

New Indian Express  

CHENNAI: With the GCC budget announcement expected soon, Mayor R Priya said on Thursday that the corporation is currently in debt to the tune of Rs 1,488.5 crore, for which it is paying an interest of Rs 8.5 crore. During the council meeting at Ripon Buildings, BJP councillor Uma Anandhan raised a question regarding the civic body’s debt. The civic body is also set to levy a 12% simple interest for the licence fee, lease rent or rent for corporation-owned commercial complexes that is not paid within the stipulated period. A sum of Rs 1,577.17 crore out of this has been repaid, Mayor R Priya said at the council meeting while replying to BJP councillor Uma Anandhan.

Crore Gcc  council  rent  lease  14885  mayor  85  interest  rs  crore  r  gcc  meeting  paying  priya  debt  uma

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Chennai Corporation Budget 2025-26 highlights
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4 days, 23 hours ago

Chennai Corporation Budget 2025-26 highlights

The Hindu  

Chennai Mayor R. Priya presented the Budget of Greater Chennai Corporation for the year 2025-26 on March 19, 2025. According to the Budget documents, the civic body accounts for total receipts of ₹8,267.17 crore and total expenditure of ₹8,404.7 crore. Of the total capital expenditure of ₹3,191 crore, ₹1,032 crore is allocated for storm water drainage, ₹628 crore for bus …

All Payments Due to Civic Bodies Cleared, They Owe Rs 8,600 Crore to Delhi Govt: Manish Sisodia
4 years, 4 months ago

All Payments Due to Civic Bodies Cleared, They Owe Rs 8,600 Crore to Delhi Govt: Manish Sisodia

News 18  

Amid the tussle between the ruling AAP in Delhi and the BJP helming three municipal corporations over funds, Deputy Chief Minister Manish Sisodia on Thursday said all payments due to the civic bodies have been cleared and instead they owe Rs 8600 crore to the city government. The BJP mayors recently sat on an hours-long dharna outside Chief Minister Arvind …

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