LIVE Updates - BMC Budget 2020

Updated: Tue, 04 Feb 2020 09:52:39 GMT

The Brihanmumbai Municipal Corporation (BMC) Budget 2020 will be presented by BMC Commissioner Pravin Pardeshi in the presence of Mumbai Mayor Kishori Pednekar and other members of the corporation. Here are the LIVE Updates from BMC Budget 2020, which includes information about Mumbai City, Education, Infrastructure, BEST, Tourism and other aspects.

Live Updates

₹ 183.03 crore have been assigned for day to day activities of it will be conducted by external experts and accrediting travel agents

4 Feb - 03:22 PM

15 crore allocated fro Incubation labs

Start up ideas focused on helping BMC with problem solving will be granted financial aid under the provision allocated for Mumbai Incubation Labs. A total of ₹ 15 crore has been made for the same.

4 Feb - 03:15 PM

Water conveyance and Tunnel works

Approximately 6 crores have been proposed for re-engineering and reconstruction of water treatment plants and a total provision of 170.79 crore has been made for water conveyance and tunnel works.

4 Feb - 03:12 PM

The amount to be used for footpath repair has been reduced to ₹50 crore which was ₹100 crore for last financial year

4 Feb - 03:07 PM

Stamp duty earning

It is expected that BMC would earn approximately Rs 125 crore from the stamp duty charged during the registration of new properties.. Officials are making a plan to earn Rs 950 crore over the next 5 years.

4 Feb - 03:04 PM

Budget for road development increased by by 52.24 per cent

The amount to be spent on road development has been increased from 1189.55 crore (expenditure in 2018-19) to 1810.97 crores in 2020, which will include development of major projects, traffic operation and bridges.

4 Feb - 02:54 PM

BMC announces the dedicated department for tourism and a proposal for the same has been submitted.

4 Feb - 02:49 PM

₹14637.76 crore will be utilised to improve Mumbai's infrastructure and work on development projects

4 Feb - 02:47 PM

Budget of Rs 1500 crore has been allotted for BEST

The amount will be used for

1. Repayment of procured loans

2. Fulfill financial obligations regarding wage management

3. Implementation of ITMS project.

4 Feb - 02:44 PM

The budget for Mumbai coastal road increases by 25 per cent