With a decrease in its revenue, the Brihanmumbai Municipal Corporation (BMC) is set to slash by Rs 300 crore the financial aid it is providing to its undertaking Brihanmumbai Electric Supply and Transport (BEST). In the 2020-21 budget, then municipal commissioner Praveen Pardeshi had proposed in February to grant an aid of Rs 1,500 crore to BEST to deal with repayment of loans, procurement of new buses under wet lease, fulfil financial obligations arising from the wage agreement, day-to-day expenditures and implementation of the Integrated Transport Management System project. Of the Rs 1,500 crore, BMC has so far paid Rs 500 crore, said BEST officials. However, amid the Covid-19 pandemic,...
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