Today, the Aam Aadmi party denounced BMC’s greed for corruption, for labeling fixed deposits in BMC accounts as their own.
“This money belongs to the people of Mumbai, and the BMC is merely the custodian of it. Over the years, as the Mumbaikars have continued to struggle due to the failure of the BMC to adequately provide and maintain civic infrastructure city essentials, BMC’s reserve fund budget has grown exorbitantly, citing lapsed funds due to underspending,” the party said.
“BMC fixed deposits reached ₹93,000 crore, growing at a high rate of 18% from the previous year. using half of the funds for capital-intensive investment development, budget after budget.This is even more shocking, given the sorry state in which Mumbai’s civic infrastructure remains, while the BMC focuses solely on leveraging corruption through bribes from contractors and builders,” he added.
The party also said that the INR 93,000 crore is enough to solve Mumbai’s health, education, sewage, open space and water supply problems and significantly improve Mumbai’s livability.
“The reserve fund of BMC belongs to the Mumbaikars and should be spent for the Mumbaikars. Year by year, the BMC is unable to use the money from its capital expenditures, and these expenditures are lapsed. what they want to do is make money on big-ticket projects with the contractor-builder lobby, and so they ignore the city’s long-term infrastructural needs, crucial to raising living standards of Mumbaikars, and for us to be on par with developed metropolises around the world,” said Preeti Sharma Menon, National Executive Member and Mumbai Prabhari.
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Posted: Wednesday March 2nd 2022, 6:47 PM IST