Fixed deposit issue: All parties unite against BMC admin

Fixed deposit issue: All parties unite against BMC admin

Mumbai – The BMC House on Friday experienced a sharp reaction on the issue of fixed deposit of the civic body to the tune of Rs. 61,000 crore. All party corporators demanded that this amount should not be kept unused and it should be used for Mumbaikars without burdening them with any kind of tax hike.

Mayor Vishwanath Mahadeshwar directed the BMC administration to inform the House on this issue on Saturday.

The BMC is abuzz with this issue these days. Leader of the House, Yashwant Jadhav, through an objection motion, stated that Mumbaikars are getting confused on this issue. The funds allocated in budget are not spent and are kept in banks as fixed deposits. The civic body receives Rs 4,500 crore as interest on this huge amount. This can relieve the citizens from taxes, he demanded.

Rais Shaikh of Samajwadi Party supported the demand of Jadhav and said that ruling party should announce that the BMC would not further hike taxes.

BJP group leader Manoj Kotak demanded tax-waiver for Mumbaikars and return of property tax collected to the tunes of Rs 1200 crore.

Congress group leader Ravi Raja suggested that the House should take initiative to spend this huge amount.

Senior corporators including Prabhakar Shinde, Snehal Ambekar, Anil Patankar and others also participated in the discussion and expressed their worries on unspent funds.

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