Latest news with #MadhuJain
Indian Express
4 days ago
- Politics
- Indian Express
Residents' body slams Panchkula Municipal Corporation for not adjusting garbage tax refunds in 2025-26 bills
The Citizens' Welfare Association (CWA), an apex body of Panchkula residents, has accused the municipal corporation of ignoring Haryana government directions and public sentiment by continuing to levy garbage collection charges in the property tax bills for 2025–26 without adjusting excess amounts already paid by residents last year. In a press statement issued on Wednesday, the CWA said that despite a Haryana government waiver of garbage charges for the financial year 2024–25, many 'honest and good paymasters' had already paid the full amount, including the garbage tax, in anticipation that it would be adjusted in the following year's bills. However, the municipal corporation has issued fresh bills for 2025–26 without accounting for the excess amount collected in 2024–25. Residents are now being compelled to pay garbage charges again, which has sparked widespread resentment. 'MC staff are reportedly coercing residents to pay the full amount, including garbage tax, and asking them to seek refunds only after the payment is made for 2025–26,' the release stated, citing specific complaints from residents. Among the complainants are V K Jain and Madhu Jain, owners of House No. 521, Sector 15, Panchkula. In their representation to the municipal corporation commissioner and the chief minister, they stated that they had paid Rs 3,914.19, including garbage tax, on June 21, 2024 (receipt No. G13053240017906-7) but were still being asked to pay the same charges again this year. Similarly, Deepak Arora, a resident of Sector 12A, has also alleged that he was directed by municipal corporation staff to pay the garbage tax again before seeking a refund for last year's payment. The CWA also pointed out that former Speaker of the Haryana Vidhan Sabha and ex-Panchkula MLA Gyan Chand Gupta had during his tenure announced in an official booklet a policy of 'free lifting of garbage from door to door'. The booklet mentions a Rs 2.10-crore expenditure on vehicles and equipment for this purpose, assuring residents that the service would remain free of charge. The association has called for immediate corrective action and urged the chief minister, local bodies minister, and senior officials of the urban local bodies department to intervene. They demanded that no garbage fee should be collected until the system is made 'smooth and foolproof' and that the municipal corporation must first refund excess charges paid in 2024–25 before collecting any new amounts. 'It is imperative that the honest taxpayers are not penalised. The municipal corporation must stop collecting advance garbage fees until pending adjustments are made,' said CWA president S K Nayar. The association warned that failure to address the issue would only deepen public dissatisfaction and further erode trust in civic authorities.
Bloomberg
5 days ago
- Business
- Bloomberg
Billionaire Nirmal Jain Hiring 60 Bankers for India Wealth Boom
Tycoon Nirmal Jain is aggressively hiring bankers and pivoting his brokerage to wealth management, underscoring how Indian firms are racing to tap the nation's swelling ranks of rich clients. Jain founded his flagship Mumbai-based IIFL Group and grew it into a financial services behemoth, comprising a shadow bank, a retail and institutional broking firm and a discount brokerage arm, along with a stake in a wealth manager. The three-decade-old group has propelled Jain and his wife Madhu's net worth to $1.2 billion, according to the Bloomberg Billionaires Index.
