Maharashtra · Local
BMC FDs fall by ₹13,785 cr since 2021; Congress seeks white paper
Source: Hindustan Times — Mumbai · 3 hr ago
Summary
The Brihanmumbai Municipal Corporation’s fixed‑deposit holdings have dropped by about ₹13,785 crore, falling from roughly ₹91,690 crore to ₹77,905 crore since 2021. This reduction has sparked worries about how the corporation is using its reserves and whether it can meet future financial commitments without a liquidity shortfall. The opposition party has called for a detailed white paper on the matter.
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From the original report
MUMBAI: The sharp decline of nearly ₹13,785 crore—from approximately ₹91,690 crore to ₹77,905 crore—in the Brihanmumbai Municipal Corporation’s (BMC) fixed deposits (FD) since 2021 has raised concerns about how the civic body’s reserves are being utilised and if the corporation will be able to meet its future financial obligations without facing a liquidity crunch
Excerpt from Hindustan Times — Mumbai.
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