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BMC staring at Rs 500 crore losses owing to Shiv Sena, BJP

BJP's farmer loan waiver and Sena's property tax proposal to hit BMC

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Brihanmumbai Mahanagar Palika

Even as it recovers from octroi losses of up to R7,000 crore annually as a fallout of GST's implementation, the BMC is staring at an estimated loss of R500 crore owing to the tax-sop resolution passed by the ruling Shiv Sena. The farm loan waiver granted by the BJP-led government is also adding to the worries of the administrative wing of the BMC, which is mulling ways to generate revenue.

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