Hindustan Times
Mumbai civic body’s income from investments likely to drop by half this year
According to estimates made by BMC in the 2021-22 budget, it expects to earn over ₹975 crore as income from investments, which is half of what it estimated in 2020-21 ( ₹1,828 crore). BMC has maintained that falling interest rate and repo rate since five years have been affecting its income from its own reserves.