BSWML sees ₹1,000 crore annual revenue in waste business, enough to operate independent of BBMP in Bengaluru Solid Waste Management Limited
The Hindu
An official said the Karnataka government wants the company to manage waste in Bengaluru with its own money.
If everything goes as planned, the Bengaluru Solid Waste Management Limited (BSWML) will emerge out of the shadow of the Bruhat Bengaluru Mahanagara Palike (BBMP), and become an independent body, thanks to the Extended Producers’ Responsibility (EPR) and garbage user fee.
As a first step, the BSWML has obtained GST to carry out business transactions. The company is aiming to earn a revenue of at least ₹1,000 crore annually through EPR and levying user fee for collecting garbage.
While EPR has commenced, the company is expected to levy user fee in the coming days. A senior official told The Hindu, “The BSWML has been working to become financially independent. When the company came up with the idea of introducing EPR, many had opposed it, but through consistent effort, it has become a reality now. At least ₹100 crore can be earned through EPR annually.”
The official said the government wants the company to manage waste with its own money. “This can only be possible by levying a user fee. Waste producers have responsibility to pay a fee for the work that the company is carrying out. There are six slabs of user fee ranging from ₹30 to ₹500. The fee will collected through electricity bills. The company can sustain itself with ₹1,000 crore in annual revenue.”
Escorts Kubota on Tuesday rolled out a tractor developed for the paddy-growing regions as the agriculture machinery and construction equipment maker sharpens focus on south India on its way to become a pan-India player.
The rise in oil prices is expected to increase current account deficit (CAD) of major crude-importing Asian economies, which include India, according to an initial expert commentary.
India has 25 days of crude oil reserves and 25 days each of petrol, diesel stock: Government sources
India has ample crude oil and fuel reserves for 25 days each, ensuring 50 days of overall sufficiency amidst global tensions.
Tata Group Chairman expresses hope that West Asia conflict won't disrupt supply chains, prioritizing employee safety amid geopolitical uncertainties.
PM Modi calls for increased investment and prioritization of research in manufacturing to leverage new free trade opportunities for India.
Elon Musk’s social media platform X and artificial intelligence startup xAI plan to repay in full about $17.5 billion in debt tied to the companies, Bloomberg News reported
BMI warns that the ongoing West Asia conflict may deter investment in India, impacting GDP despite positive trade deal prospects.
Oil prices rise amid escalating U.S.-Israeli-Iran conflict, raising supply disruption fears through the critical Strait of Hormuz.
The US Treasury Department said Monday it is ending use of all Anthropic products, following US President Donald Trump's government-wide ban on the AI start-up after it rejected the Pentagon's demands.
Discover Rent a Tree, an innovative startup leasing mango trees across India, offering fresh Alphonso mangoes without the upkeep hassle.
Pine Labs plans to launch a stablecoin-backed prepaid card across nine countries, expanding its global payment solutions.
India's industrial production growth slowed to 4.8% in January 2026, with only infrastructure sector showing significant improvement.
Commerce Ministry meets exporters to address West Asia crisis disruptions, ensuring trade facilitation and procedural flexibility for smoother operations.