Telangana Assembly passes CURE Bill replacing 1955 GHMC Act
- The Telangana Assembly passed the CURE Bill on Saturday, replacing the 1955 GHMC Act for Hyderabad's governance.
- The Bill caps the maximum annual property tax hike at 10%, down from the 20% proposed in the draft.
- It shifts property tax assessment from Annual Rental Value to a Capital Value System linked to market rates.
- BJP and AIMIM opposed the Bill, raising concerns over steep tax hikes and the CURE council's powers over the Mayor.
Source: thenewsminute.com
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