close

The payment woes of the Municipal Corporation of Greater Mumbai

Reports suggest that contractors and vendors could set off their dues, such as property tax and penalties imposed by MCGM, using credit notes

Greater Mumbai, Living Index
Premium

The MCGM's proposal to issue credit notes to vendors and contractors for payment is a bad policy idea

The Municipal Corporation of Greater Mumbai (MCGM) is reportedly proposing to settle its dues to its vendors and contractors in the form of credit notes. The formal documentation recording this policy is not yet available in the public domain. However, reports suggest that contractors and vendors ca
Or

Also Read

The boss of cities: Will the pandemic yield space to urban bodies?

'Role model' Dharavi, Bachchans test positive: Coronavirus updates

Mumbai prices crash as developers struggle for funds, buyers wait and watch

In pictures: 15 killed as heavy rains lash Hyderabad

Lucknow Municipal Corporation's bonds debut on BSE, oversubscribed by 250%

Atmanirbhar Bharat 3.0: Prudent measures to boost job creation, stem capital destruction

Atmanirbhar Bharat 3.0 to boost sentiment and solidify economic revival

Bidenomics: Sanity in post-Covid world, but expect no instant big changes

Bidenomics: Sanity in post-Covid world, but expect no instant big changes

Whoever comes to occupy the White House, gold could yet shine better

First Published: Nov 23 2020 | 5:59 PM IST

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to read more on Business-Standard.com