Generating revenue that can sustainably fund the capex needed in these areas calls for structural reforms. The Constitution defines the functions that municipal corporations must undertake to reinforce local self-governance; but it does not establish an accountable decentralised system that creates capacity at the local level. This is evident in the BMC’s dependency on the state government for its revenues. Thirty-five percent of the BMC’s revenue income comes from the state government as compensation for octroi, which was abolished in 2017 and replaced by the Goods and Services Tax (GST) from the central government. … [Read more...] about How can the BMC help Mumbai recover?
RBI Governor Shaktikanta Das says orderly unwinding of counter-cyclical measures will be undertaken after COVID-19 Corona Kavach: Check out all the details of COVID-19 health insurance policy Coronavirus state-wise tally July 11: Confirmed cases in Andhra Pradesh cross the 25,000 mark … [Read more...] about Coronavirus impact | Significant drop in approval rate of personal loan, LAPs, says report
An earthquake of 4.3 magnitude rocked Mizoram on Thursday, which was felt mainly in Champhai district located on the India-Myanmar border, officials said. This is the eighth tremor reported in the hilly northeastern state in three weeks. … [Read more...] about Earthquake of 4.3 magnitude hits Mizoram
It’s important that predominantly white fields such as architecture and urban planning participate in these kinds of projects, says WXY architectural designer Jhordan Channer, who was also involved in coordinating the mural project. And it’s particularly relevant for the type of work they do. … [Read more...] about NYC’s new Black Lives Matter mural is more than art. It’s the future of urbanism
I [Thumbs Up] NY. I [Space Invade] NY. I [Wu-Tang] NY. You find phrases like these on coffee mugs, T-shirts, G-strings (yes, really). You also find them in cease and desist letters that intellectual property manager CMG Worldwide sent on behalf of the New York State Department of Economic Development to vendors of those items for violating the state’s trademark icon: I ♥ NY, designed by legendary graphic designer Milton Glaser. … [Read more...] about The ‘I Love New York’ logo is iconic. It’s also worth millions of dollars to New York state