BMC’s Fixed Deposits Dip As Infrastructure Spending Rises
September 23, 2025: Mumbai’s Brihanmumbai Municipal Corporation (BMC), the country’s richest civic body, has seen its fixed deposits (FDs) shrink as funds are increasingly diverted towards large-scale infrastructure projects. Data obtained under the Right to Information (RTI) reveals that BMC’s FDs, which rose steadily for over a decade—from Rs 43,285 crore in 2014-15 to a […]