BBMP in debt crisis
Bruhat Bangalore Mahanagara Palike (BBMP) has failed badly to pay heavy loan amount and has ended up mortgaging its properties to banks.
This furious situation has led BBMP jumping from one debt crisis to another.
It is a shocking news that BBMP has not paid salaries to its employees due to this crisis. Plans are on floor for BBMP to over come this situation.
A council meeting has been scheduled wherein ruling party leader B R Nanjundappa, corporators and BBMP will discuss about solving situations of poor fiscal discipline.
Source: The Times of India
Tags:
Bangalore, Banks, BBMP, BBMP employees, Bruhat Bangalore Mahanagara Palike (BBMP), Corporators, Council meeting, Debt crisis, Loan amount, Mortgaging properties, Poor fiscal discipline
[...] BBMP in debt crisis [...]
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