Most of the markets in the city, from New Market to Lance Down Market or Park circus, are in poor conditions. It would value a extraordinary sum of cash to overhaul all of these markets. However, the income from the municipal area’s rent is inadequate to finance market reform.
In May of this year, the commercial enterprise associations of more than a few municipal markets met with the market branch of the Kolkata Municipal Corporation to discuss improvements. It used to be disclosed that in addition to the rent, additional dollars would be required for market upkeep.
After various rounds of negotiations, the enterprise corporation iced over no matter preliminary opposition. Shop proprietors concurred. The final choice is made after this, but the rate lately become fixed. At the assembly of the Mayoral Council, that choice used to be adopted.
According to a municipal business enterprise executive, “The hire of all markets is now not the same. For example, a shopkeeper who pays hire in Newmarket will pay 50 percent extra (kmc will amplify hire about 50 percent). The rent of Sakherbazar businessmen is less than the rent of Newmarket so they will be much less than 50 percent.” It need to be mentioned that the Kolkata Municipal Corporation oversees about 47 markets all through the city. There are extra than 10,000 businesspeople.
According to authorities with the Kolkata Municipal Corporation, the market’s maintenance fees roughly 15 crores every year. However, the cash got from lease are inadequate to cowl this maintenance. The shop’s lease hasn’t gone up in that way. Therefore, the neighborhood authorities determined to take protection charges without delay from the keep owners instead than from the city’s coffers.
