MUMBAI: Mumbai, India’s financial hub and the nation’s richest municipality, is exploring new ways to boost revenue as a slowing economy hurts earnings from real estate. This includes tax on garbage collection and additional levies on services such as issuing birth certificates.
The Municipal Corporation of Greater Mumbai, which covers half the area of the city of New York but houses 50% more people, sees revenue dropping 5% from its previous target to 238.5 billion rupees ($3.4 billion) in the year through March 31.
Deteriorating finances in Mumbai — whose budget is bigger than several Indian states —
