Latest news with #Rs152
Time of India
08-07-2025
- Automotive
- Time of India
Tata Motors Emerges Lowest Bidder For NMC's Articulated E-Bus Project
Nagpur: The Nagpur Municipal Corporation (NMC) on Tuesday finalised as the lowest bidder for its flagship project to launch 25 articulated electric buses along the Inner Ring Road. This marks a key step in realising Union transport minister and city MP 's vision to modernise Nagpur's public transport. Tired of too many ads? go ad free now Tata Motors quoted a rate of Rs62.50 per km for operations and maintenance over a 10-year period, while a Nagpur-based firm quoted Rs2 higher. According to senior NMC officials, the civic body will now initiate further negotiations to try and reduce the cost before awarding the final contract. The rates are expected to be finalised by July 14, as municipal commissioner Abhijeet Chaudhari will hold a negotiations meeting. The 18-metre-long, air-conditioned articulated buses, each with a seating capacity of 55, will exclusively serve high-density routes across the Inner Ring Road. These e-buses are designed for speed, comfort, and low emissions, and are expected to decongest major corridors while improving commuter convenience. The Centre has sanctioned Rs152 crore under an electric mobility scheme to cover bus procurement and infrastructure development. Eight flash-charging stations will be installed at locations such as Sawarkar Layout, Kapil Nagar, Trimurti Nagar, and Besa substation. Each site will support bidirectional charging to ensure seamless turnaround. A 'mother depot' is also proposed for fleet maintenance, charging, and centralised operations. The total project cost, including infrastructure and 10-year operational expenses, is pegged at Rs250 crore. These new buses will be integrated into the existing Aapli Bus fleet of 539 vehicles.
Express Tribune
08-02-2025
- Business
- Express Tribune
Salaried class likely to pay Rs570b in taxes
ISLAMABAD: The federal government is likely to further increase the tax burden on salaried individuals, with total tax collection from this segment expected to reach Rs570 billion in the ongoing fiscal year 2024-25. This means that the salaried class will pay 55% more tax compared to the previous year. According to the Federal Board of Revenue (FBR), salaried individuals contributed Rs368 billion in taxes last year, while Rs243 billion has already been collected in the first six months of the current fiscal year. This marks a 300% increase in tax collection from employees compared to the first six months of the previous year. The FBR data shows that five years ago, annual tax collection from the salaried class stood at Rs129 billion. In 2019-20, it was Rs129 billion, rising to Rs152 billion in 2020-21, and further increasing to Rs189 billion in 2021-22. In 2022-23, tax collection from salaried employees surged to Rs264 billion. The salaried class has now become the third-largest tax-paying sector.
