Srinagar, March 24 (ANH): In the previous fiscal, Srinagar Municipal Corporation (SMC) witnessed a fall in revenue generation by 44 percent—thus raising a question on the functioning of the organization.
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Besides, the fiscal year 2019-2020, the Corporation has also recorded a dip in revenue generation by 35 percent in 2018-19 in comparison with the financial year 2020-21.
According to the official documents available with the news agency—Kashmir News Observer (KNO), SMC in the past two years has witnessed a dip in revenue generation by 44.36 percent (2019-20) and 35.4 percent (2018-19) respectively in comparison with the previous fiscal.
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The figures reveal that in the financial year 2018-19, SMC has generated Rs 204,468,004 followed by Rs 237,391,883 in the fiscal 2019-20.
However, in the financial year the Corporation has generated only Rs 132,100,480 in the 2020-2021.
This information was revealed by the SMC Public Information Officer (PIO) in a reply to the queries of the Right to Information (RTI) application filed by the activist M M Shuja.
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The PIO in a reply to the details regarding the land in procession of SMC in Srinagar City together with relevant orders of the Government by virtue of which the land has been placed at the disposal of SMC said, “There were 2700 Kanals of land in procession of SMC in Srinagar city.”
