In a move to enhance economic development, Pimpri-Chinchwad Municipal Commissioner Shekhar Singh has approved new financial policies. This decision aims to attract investors and foster growth in the region.
PimprichinchwadPcmcFinancial PoliciesEconomic GrowthMunicipal CommissionerReal Estate PuneOct 05, 2024
The main objective of the new financial policies is to promote economic growth, attract investors, and create employment opportunities in the region.
The new financial policies include incentives such as tax exemptions, subsidies for start-ups, and other benefits for businesses.
The PCMC is responsible for providing civic amenities and services to the residents of the city. The corporation has been working on improving the infrastructure of the city and launching initiatives to promote tourism and cultural activities in the region.
The head of the PCMC is the municipal commissioner, who is appointed by the state government.
The approval of new financial policies is a significant step towards promoting economic growth and development in the region. It is expected to attract investors, create employment opportunities, and improve the overall quality of life for the residents of Pimpri-Chinchwad.
The income tax department clarifies that the new tax proposal without indexation is beneficial for most real estate investors, with nominal returns of 12-16% per annum.
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