Home »  Topic »  Kozhikode corpn. estimates ₹22.73-cr. loss post-lockdown

Kozhikode corpn. estimates ₹22.73-cr. loss post-lockdown

The Kozhikode Municipal Corporation estimates a financial loss of around ₹22.73 crore in the next four years as an aftereffect of the COVID-19 pandemic and the subsequent lockdown.

A report recently submitted to Mayor Thottathil Raveendran by a committee entrusted to assess the severity of loss and find solutions, held that many of the projects envisioned in the previous corporation budget could not be implemented in the present scenario.

At the same time, there is uncertainty over the foreseen investments in corporation projects.

The committee has categorised the loss into three. The first is permanent loss in terms of ...

Read the full text thehindu