{LONGTERMINVESTORS} BMC Budget FY17

 

(See attached file: BMC Budget - FY17.pdf)

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Dear Sir/Madam,

Please find attached CARE Ratings' summary of the BMC Budget.

While the thrust is on reforms, there is concern on octroi collections which have been affected by the falling crude price. The Budget has otherwise not raised any tax rates except for octroi from 3 to 4.5%.

 

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