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Stir bores Rs 70 crore hole in Greater Visakhapatnam Municipal Corporation coffers

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VISAKHAPATNAM: The Samaikyandhra strike which went on for more than two months has burnt a massive Rs 70 crore hole in the pockets of the Greater Visakhapatnam Municipal Corporation (GVMC). With most of its staff keeping off work, the civic body which should have mopped up nearly Rs 250 crore revenues by October 17 (Thursday), managed to collect only Rs 180 crore for the seven-month period of the current 2013-14 fiscal year. The corporation's revenue sources include house tax, vacant land tax,...

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