Mumbai: BEST members quiz BMCâs Rs 400 cr loan deal
Brihanmumbai Municipal Corporation (BMC)
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The Committee members of the Brihanmumbai Electricity Supply and Transport (BEST) Undertaking on Tuesday questioned the Brihanmumbai Municipal Corporation s (BMC) proposal of granting Rs 400 crore to the transport body in the form of loan.
To ease BEST of its financial burden, the municipal body proposed a Rs 406 crore loan to the cash-strapped transport undertaking in its 2021-22 budget. Earlier, in the 2020-21 budget, the BMC had proposed Rs 1,500 crore to the transport undertaking. However, amid the pandemic outbreak the BMC slashed the budget by Rs 500 crore.