Bengaluru residents will soon face higher costs for waste disposal as the BBMP introduces a “garbage cess,” alongside recent hikes in milk and electricity prices.
The cess, which will be added to property tax payments, is expected to raise about Rs 600 crore annually, with fees varying based on property size. Residential properties up to 600 sq. ft. will pay Rs 10 per month, while larger homes up to 4000 sq. ft. will pay Rs 400 monthly.
Commercial establishments, including hotels, will see a rise in fees, with hotels paying Rs 12 per kg of waste, up from Rs 5.
Opposition leaders from the BJP have criticised the Congress-led government for burdening citizens with new taxes. BJP leaders plan protests, including a march at Bengaluru’s Freedom Park and a ‘Jana Aakrosh Yatra’ from Mysuru.
Additionally, the Karnataka government has raised milk prices by Rs 4 per litre, effective 1st April, citing increased production costs.
Wondering About Waste Management Stocks? The Analyst Has Answers.
Ready to invest like a pro? Unicorn Signals app equips you with 100+ Free tools and knowledge you need to succeed. Download the Unicorn Signals app and gain access to daily stock lists and insightful market analysis and much more!