The allocation for health is a 10 per cent increase over last year’s Rs 4,260 crore.
As the city gears up for civic polls next year, the Shiv Sena-led BMC made infrastructure projects a top priority by earmarking Rs 18750.99 crore, with an ambitious 28 per cent increase in capital expenditure.
Budget 2021-22 is an increase of 16.74 per cent over last year’s Rs 33441.02 crore.
He said that BMC’s revenues have declined due to the decisions taken to combat Covid-19 and to provide relief to different sectors affected by the pandemic. “The slowdown in the real estate sector led to a reduction in the assessment of new properties, thereby decreasing revenue collection,” Chahal said.
BMC has not proposed any new taxes or increase. However, as scheduled, the capital value of the property tax will be revised in 2021-22, thus increasing property tax.
There will be no rise in property tax for the financial year 2020-21. Chahal clarified that only the general tax component of property tax will be exempted for properties up to 500 sq ft. Sena, ahead of Assembly elections in 2019, had promised exemption of property tax for houses up to 500 sq ft.
To reduce the load on major hospitals, BMC proposed to upgrade six peripheral hospitals across eastern and western suburbs into postgraduate medical institutes.
It also plans to provide mobile clinics for primary health treatment. One mobile clinic van each, equipped with trained medical staff, has been proposed for the island city as well as eastern and western suburbs.
“Valuations at 14.5x/13.6x FY22/FY23E consolidated EPS largely reflect strong growth and the Kubota partnership as it is trading at a good premium of 10 per cent to long period average (LPA),” they said while maintaining a 'Neutral' rating on the stock with a target price of Rs 1,470.
It appears the central government employees wait for revised Dearness Allowance is about to end. Apparently, it will also benefit their LTA. The Union Labour Office has declared the AICPI (All India Consumer Price Index) data. This is a good news for the central government employees who are waiting for their revised Dearness Allowance. The move is likely to benefit 35 lakh central government employees waiting for the DA announcement for January to June 2021 period.
This data is crucial as it hints that Prime Minister Narendra Modi-led government at the Centre would announce at least 4 per cent hike in the DA for the said period, taking it to 21 per cent.
After the declaration of this AICPI data, there is a little more clarity on DA hike for the central government employees.
Earlier last year, the government had decided to freeze DA for the central government employees till June 2021 due to Covid-19 pandemic. The decision was taken by the Modi government to combat coronavirus outbreak. This is to be understood that the hike in the DA will also lead to a rise in central government employees' Travel Allowance (TA) too.
The Centre had said that DA hike will be announced on the usual time but the salary hike will take place only after June 2021.
"The announcement by the Centre means that 4 per cent DA hike for July to December 2020 and the expected 4 per cent DA hike under 7th pay commission for January to June 2020 will not be added in the monthly salary of the employees. But once the Centre announces DA hike and adds it to the central government employees' salary, there will be a huge jump in their income."
The tweet was enough for Twitter trolls to let loose on the American singer with some bringing up disturbing images of domestic abuse she had suffered as a comeback. (Each day is a new low for establishment lackeys on Twitter.)
When British imperialists annexed what is today’s Myanmar during the 19th century, they called it Burma after the dominant Burman (Bamar) ethnic group, and administered it as a province of colonial India. This arrangement continued until 1937, when Burma was separated from British India and made a separate colony.
Even after the country became independent in 1948, it retained the same name, becoming the ‘Union of Burma’. In 1962, the military took over from a civilian government for the first time, and amended the official name in 1974 to the ‘Socialist Republic of the Union of Burma’.
Then in 1988, Myanmar’s armed forces again took power in the country, after suppressing a popular uprising that led to the deaths of thousands, and reversed the official name to ‘Union of Burma’. But a year later, the junta adopted a law that replaced Burma with Myanmar, making the country the ‘Union of Myanmar’.
A number of other places in the country also saw their names changed, including the then-capital city, which went from Rangoon to Yangon (since 2005, the capital is Naypyidaw, 370 km away to the north).
Why the name change was controversial
While changing the country’s name, the military said that it was looking for a way to leave behind a name inherited from the colonial past, and adopt a new one which could unify all of its 135 officially recognised ethnic groups, and not just the Burman people.
Critics decried the move, arguing that Myanmar and Burma mean the same thing in the Burmese language, only that the ‘Myanmar’ is a more formal way of saying ‘Burma’– a word used colloquially. The other name changes too, such as Rangoon to Yangon, only reflected greater conformity with the Burmese language, and nothing else. Also, the name changes took place only in English. Even in English, the adjective form remained (and continues to remain) Burmese, and not Myanmarese.
Pro-democracy sympathisers said that the name changes were illegitimate, as they were not decided by the will of the people. As a result, many governments around the world opposed to the junta decided to ignore the name changes, and continued to call the country Burma and its capital Rangoon.
So, when did ‘Myanmar’ start becoming acceptable?
In the 2010s, the military regime decided to transition the country towards democracy. Although the armed forces remained powerful, political opponents were freed and elections were allowed to be held.
In 2015, currently detained leader Aung San Suu Kyi’s National League for Democracy party won a majority of seats in the national parliament, a feat it repeated in 2020.
As the Myanmar-vs-Burma debate became less polarising, most foreign governments and international organisations decided to recognise Myanmar as the official name. Many governments, such as Australia&