Mumbai civic body exhausts Rs 1.6k cr reserve

The BMC has nearly exhausted its contingency fund after spending around Rs 1,600 crore on Covid-19 mitigation measures, and now wants Rs 450 crore more to continue its fight against the virus. To meet this need, the BMC plans to borrow money from other departments and has asked the standing committee to approve the transfer of funds.

from Mumbai News: Latest Mumbai News Headlines & Coronavirus News Updates from Mumbai - Times of India https://ift.tt/3rECZVy