Tax collection in Mumbai up by 60%

Written by Agencies | Mumbai, March 28: | Updated: Mar 28 2008, 18:33pm hrs
Buoyed by a 60 per cent growth in income tax collections in Mumbai, Finance Minister P Chidambaram on Friday said he expected the country's financial capital to do even better in the next fiscal.

"Income tax collection is doing better than the budget estimates. Mumbai has shown a growth of over 60 per cent in tax collection. I hope Mumbai will do even better in the coming fiscal," he said, inaugurating the Large Tax Payer Unit (LTU) in Mumbai.

The LTU provides a taxpayer friendly and service-oriented environment of tax administration in the country. Mumbai is the third city to have an LTU after Bangalore and Chennai. Delhi and Kolkata would be the next centres to have LTUs which provide single-window to corporate to pay all central taxes.

As a step towards containing crimes, mobile check posts were set up at various places besides providing security to Nagaland State Transport (NST) buses following reported escalation of looting of passengers by gunmen, Rio told the house.

He said it was only a small section of the society which was taking the advantage of the on-going ceasefire under which police and security forces were restricted from operating freely and such elements were creating law and order problem in the state.

Replying to the discussion on the annual budget for 2008-09, the chief minister maintained that the members should not mix up the Naga political issue with the law and order problem in the state.

Appreciating concerns and roles of Naga civil society, churches, students community and public leaders towards bringing about a permanent peace in the state, Rio asserted that all sections of the society must supplement one another towards this end.

That is the policy of DAN Government as a facilitator towards the on-going Naga peace process so that peace and development can go hand in hand in the state, the chief minister clarifed.

Insisting on immediate halting of fratricidal killings among underground cadre, Rio pointed out that immediately after installation of the new government, the DAN constituted a Political Affairs Committee to complement the efforts of the Naga civil society towards peace, unity and re-conciliation in the Naga society.