Summary:
The BMC’s Standing Committee passed Rs 450 crore amendment to the 2018-19 Budget of Rs 30,692.59 crore. The Standing Committee members steered away from seeking amendment to release funds for the debt-ridden BEST, a subsidiary of the corporation. In 2016, the Shiv Sena-led Standing Committee had demanded an allocation of Rs 5 crore for the theme park. While Rs 400 crore is for corporators, Rs 50 crore will be the mayor’s fund. AdvertisingThe Standing Committee has the power to revise certain allotments mentioned in the Budget..