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India is now the global coronavirus hotspot, with cases rising at more than 300,000 daily. The world s worst Covid-19 outbreak in India risks fanning price pressures, threatening to limit options for the inflation-focused central bank to support the economy. State-wise curbs to stem the virus are disrupting domestic supply chains, risking higher prices for everything from essential drugs to cars. A recent weakening in the rupee is worsening the situation, boosting the local cost of imported oil and other raw materials for manufacturing. While the Reserve Bank of India s looser monetary policies last year overlooked above-target inflation, further price pressure amid an expected economic recovery later this year may limit its options. Consumer price inflation is on course to test the upper limit of its 2 per cent-6 per cent target, while recent gains in wholesale prices signal more pressure to come. ....
Pensioners in certain income brackets to benefit from revised property rates in Joburg 16 April 2021 - 10:46 If you are 60 years old, live in a property that is less than R2.5m and earn less than R10,000, you are not going to pay for property rates in the City of Johannesburg. This is one of the changes contained in the revised draft rates policy of the City of Johannesburg which has been released by finance MMC Jolidee Matongo. .. This article is free to read if you register or sign in. If you have already registered or subscribed, please sign in to continue. ....
Adjusted Joburg draft Rates Policy available for public comment Search Polity Note: Search is limited to the most recent 250 articles. To access earlier articles, click Advanced Search and set an earlier date range. To search for a term containing the & symbol, click Advanced Search and use the search headings and/or in first paragraph options. With. Clear Search Sponsored by Sponsored by The City of Johannesburg’s revised draft Rates Policy is now available for additional public comments after being adjusted to incorporate input received on the document in virtual public meetings held in February 2021. The revised Rates Policy is currently available on the City’s website for public comment alongside the draft 2021/22 Mid-Term Budget and the Integrated Development Plan (IDP). The draft documents are also being presented for input in ongoing virtual & physical public meetings. ....
Post virtual comment on property rates policy Page Content The City seeks your virtual comment to draft a new property rates policy as required by prescripts of municipal governance.
The current rates policy (2020/21) is under routine review to ensure the City complies with the Municipal Property Rates Act 6 of 2004, which affords the municipality the leeway to levy property rates and tariffs equitably and affordably. This has to happen each year, and ratepayers must be consulted to ensure the policy remains sustainable and legitimate. This year’s virtual citywide consultative process started on Monday, 8 February and is set to run until Friday, 26 February. ....