NDMC exceeds revenue targets

The NDMC, the smallest of civic agencies in the capital, said on Wednesday that it has exceeded revenue targets for 2014-15 in respect of four major components.

These are property tax, license fee, electric and water charges, and interest on investments which together contribute some 92 percent of total revenue receipt, the New Delhi Municipal Council said.

Against a target of Rs.2,450 crore in revised estimates for 2014-15 for these four components, the actual receipts as on March 31, 2015 stood at Rs.2,533 crore, an additional collection of Rs.83 crore.

An NDMC statement said that the excess collection for 2014-15 was more significant considering that there was a shortfall to the tune of Rs.80.29 crore for 2013-14 in the actual collections.

The NDMC administers the heart of the capital covering VIP areas that include the residences and offices of the president and the prime minister as well as most government offices and diplomatic missions.