The BMC had recently decided to raise funds by floating infrastructure bonds owing to the financial trouble it faced due to the Covid-19 pandemic. (Hindustan Times)
The BMC had recently decided to raise funds by floating infrastructure bonds owing to the financial trouble it faced due to the Covid-19 pandemic. (Hindustan Times)

Standing committee seeks clarity on sale of bonds by Mumbai civic body

Slamming the Brihanmumbai Municipal Corporation (BMC) for its plan to raise funds through bonds for its infrastructure projects, members of the standing committee on Wednesday demanded that a status report on the entire plan be submitted to the committee
By HT Correspondent, Mumbai
PUBLISHED ON JAN 28, 2021 12:52 AM IST

Slamming the Brihanmumbai Municipal Corporation (BMC) for its plan to raise funds through bonds for its infrastructure projects, members of the standing committee on Wednesday demanded that a status report on the entire plan be submitted to the committee. Corporators of the Bhartiya Janata Party (BJP) and Samajwadi Party (SP) said that the civic administration cannot bring in such a crucial policy without getting approval from the standing committee.

Rais Shaikh, SP leader who raised a point of order on the subject, said, “The civic body must disclose how much financial deficit there is since they are raising funds from the market. They need to submit a white paper to the committee on the same.”

The BMC had recently decided to raise funds by floating infrastructure bonds owing to the financial trouble it faced due to the Covid-19 pandemic. A senior civic official confirmed that the BMC has planned to float municipal bonds and raise 4,000 crore to fund infra projects. “The plan is to raise money from the market and fund major infrastructure projects in the future. The policy has not been finalised, and everything about it is still under consideration,” the official said.

In Wednesday’s committee meeting, members demanded that the administration submit a detailed planned report on the bonds and its budget. Prabhakar Shinde, BJP leader, said, “The ruling party and the administration should stop such gimmicks and involve public representatives in crucial policies like these. There has been a lack of clarity on the income and expenditure related to Covid-19 and the representatives are being kept in the dark about the BMC’s finances.”

Echoing Shinde’s view, Vishaka Raut of the ruling Shiv Sena, said, “The standing committee is a financial body of the BMC, and it is surprising that the administration is not taking the committee into consideration. The opinion of the public representatives needs to be there in key-policy decisions. A status report of the BMC’s finances needs to be submitted to the committee.”

SHARE THIS ARTICLE ON
Close
The suspicious car carrying gelatin found outside Mukesh Ambani residence Antilia, has been taken to custody by CBI. (ANI Photo)
The suspicious car carrying gelatin found outside Mukesh Ambani residence Antilia, has been taken to custody by CBI. (ANI Photo)

Ambani bomb scare: Vehicle used by suspects identified

By Vijay Kumar Yadav, Mumbai
PUBLISHED ON FEB 28, 2021 05:30 AM IST
Police officials in the crime branch said the car was last seen on the Bhiwandi-Nashik highway. The police are now scouring nearby villages for clues and more details. On February 25 afternoon, a Scorpio car was found abandoned on Carmichael Road, about 600 metres away from the Ambani residence.
Close
The renovated Dadoji Konddev Stadium in Thane. (Praful Gangurde / HT Photo)
The renovated Dadoji Konddev Stadium in Thane. (Praful Gangurde / HT Photo)

Despite renovation, Thane stadium still not the ideal sports ground

By Ankita G Menon, Thane
PUBLISHED ON FEB 28, 2021 01:00 AM IST
Three years since the Dadoji Konddev Stadium has been shut for renovation, sportspersons from Thane and nearby cities are left without a proper place to practice
Close
Thane guardian minister Eknath Shinde assured to come up with an effective solution with the help of experts and solve the issue of green weeds growing in the river. (Rishikesh Choudhary/HT photo)
Thane guardian minister Eknath Shinde assured to come up with an effective solution with the help of experts and solve the issue of green weeds growing in the river. (Rishikesh Choudhary/HT photo)

Kalyan-Dombivli civic body appoints agency to study sewer lines in city limits

By Sajana Nambiar, Kalyan
PUBLISHED ON FEB 28, 2021 12:57 AM IST
In the wake of the demand to make the Ulhas and Waldhuni rivers pollution, the Kalyan-Dombivli Municipal Corporation (KDMC) has appointed a private agency to study all the sewer lines meeting the water bodies in KDMC limits
Close
An antigen test being done in Kalyan. (Rishikesh Choudhary/HT photo)
An antigen test being done in Kalyan. (Rishikesh Choudhary/HT photo)

189 new Covid cases in Kalyan, Dombivli

By Sajana Nambiar, Kalyan
PUBLISHED ON FEB 28, 2021 12:48 AM IST
The Kalyan-Dombivli Municipal Corporation (KDMC) has managed to complete 99 per cent of the first dose of vaccination for health workers
Close
An RT-PCR test in Vashi. (Bachchan Kumar/HT)
An RT-PCR test in Vashi. (Bachchan Kumar/HT)

Covid cases increase by 45% in Navi Mumbai

By Raina Shine, Navi Mumbai
PUBLISHED ON FEB 28, 2021 12:44 AM IST
In the last 15 days, Covid cases in Navi Mumbai have gone up by 45 per cent and the doubling rate has come down from 676 to 404 days
Close
Warning sign for crocodile at Nerul creek. (Bachchan Kumar/HT photo)
Warning sign for crocodile at Nerul creek. (Bachchan Kumar/HT photo)

Crocodile warning board to keep people away from Navi Mumbai creek

By Raina Shine, Navi Mumbai
PUBLISHED ON FEB 28, 2021 12:41 AM IST
Following the rescue of a crocodile from the pond behind Navi Mumbai Municipal Corporation headquarters in Belapur, the corporation has put up boards at the Sector 6 creek adjoining Palm Beach Road in Nerul, warning people to stay away from the water
Close
 (Pratik Chorge/HT Photo)
(Pratik Chorge/HT Photo)

Maharashtra sees over 8,000 Covid-19 cases for 4th day in a row

PUBLISHED ON FEB 28, 2021 12:29 AM IST
Maharashtra on Saturday recorded 8,623 new Covid-19 infections, taking the count to 2,146,777. It also recorded 51 deaths, taking the toll to 52,092
Close
Sitaram Kunte. (Hindustan Times)
Sitaram Kunte. (Hindustan Times)

Sitaram Kunte appointed as new Maharashtra chief secretary

PUBLISHED ON FEB 28, 2021 12:07 AM IST
Senior Indian Administrative Service (IAS) officer Sitaram Kunte has been appointed as the chief secretary of Maharashtra on Saturday
Close
 (AP)
(AP)

Centre’s new social media regulations dictatorial: Maharashtra IT minister Satej Patil

By Eeshanpriya MS, Mumbai
PUBLISHED ON FEB 28, 2021 12:04 AM IST
Maharashtra minister of state for information technology (IT) Satej Patil on Saturday criticised the Central government’s regulations for social media platforms such as Facebook or Twitter and over-the-top (OTT) players such as content streaming platforms, calling them “dictatorial” and a threat to democracy and freedom of expression
Close
A worker sanitises a classroom at a college in Mumbai. (HT FILE)
A worker sanitises a classroom at a college in Mumbai. (HT FILE)

Pandemic effect: Maharashtra issues guidelines to tackle learning losses

By Ankita Bhatkhande, Mumbai
PUBLISHED ON FEB 28, 2021 12:00 AM IST
With schools in the state remaining shut for nearly 10 months due to the Covid-19 pandemic, the Maharashtra education department has issued guidelines for addressing concerns about loss of learning over these months.
Close
Healthcare worker collects swab samples of Govandi residents. (Pratik Chorge/HT Photo)
Healthcare worker collects swab samples of Govandi residents. (Pratik Chorge/HT Photo)

RT-PCR samples now tested at Mumbai airport

By Neha LM Tripathi, Mumbai
PUBLISHED ON FEB 28, 2021 12:00 AM IST
Passengers undergoing the Reverse Transcription Polymerase Chain Reaction (RT-PCR) tests at Mumbai’s Chhatrapati Shivaji Maharaj International Airport (CSMIA) may be able to get their tests results quicker
Close
Tata Institute of Social Sciences (TISS), Mumbai. (HT FILE)
Tata Institute of Social Sciences (TISS), Mumbai. (HT FILE)

Covid-19 impact: Social sciences students stare at bleak placement season

By Priyanka Sahoo, Mumbai
PUBLISHED ON FEB 27, 2021 11:55 PM IST
Students from social sciences courses in the city are facing a bleak placement season this year owing to the Covid-19 pandemic.
Close
Mumbai: 3 YouTubers held for uploading obscene videos, molesting girls
Mumbai: 3 YouTubers held for uploading obscene videos, molesting girls

Mumbai: 3 YouTubers held for uploading obscene videos, molesting girls

By Vijay Kumar Yadav, Mumbai
PUBLISHED ON FEB 27, 2021 11:53 PM IST
City cyber police has arrested three YouTubers for allegedly creating obscene and vulgar prank videos in public places in Mumbai
Close
Bombay high court. (HT FILE)
Bombay high court. (HT FILE)

Bombay HC refuses 6-year-old’s custody to his ‘poor’ biological parents

By Kanchan Chaudhari, Mumbai
PUBLISHED ON FEB 27, 2021 11:52 PM IST
The Nagpur bench of the Bombay high court (HC) on Friday upheld a family court order, refusing to grant custody of a six-year-old boy to his poor biological parents, observing that the interests of the child will be best served by continuing him with his rich adoptive parents, a childless couple from Nagpur.
Close
The plan is to have barges that will allow citizens to sail around Powai lake that is home to several crocodiles. (Pratik Chorge/HT Photo)
The plan is to have barges that will allow citizens to sail around Powai lake that is home to several crocodiles. (Pratik Chorge/HT Photo)

MTDC plans crocodile safari in Powai lake, seeks Mumbai civic body nod

By Mehul R Thakkar, Mumbai
UPDATED ON FEB 27, 2021 11:51 PM IST
As part of its initiative to boost tourism in the city, the Maharashtra Tourism Development Corporation (MTDC) has sought a nod by the Brihanmumbai Municipal Corporation (BMC) to start crocodile safari boating in Powai lake
Close
SHARE
Story Saved
OPEN APP