

India's Richest SCAM : With 81,000cr Why does Mumbai still look like a Poor African Country?
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Get Spam-Free Insurance Advice by Dittoš https://ditto.sh/1kr8cr āļø Think Schoolās flagship Communication course with live doubt sessions : https://thethinkschool.com/sp/communication-masterclass/ If you are a copyright owner and believe your work has been used improperly, please contact us at [email protected] for prompt removal or credit. VIDEO INTRODUCTION: The city of Mumbai is one of the richest and yet one of the most messed up cities in the world!! BMC is so rich that as of FY25, they have 81,000 crores in their reserves, and merely due to their fixed deposits they earn ā¹2,200 crore in just interest!! As a result, the yearly budget for the city kept on growing. It crossed ā¹50,000 crore for the first time in 2023-24. Then ā¹59,954 crore in 2024-25. ā¹74,427 crore in 2025-26. And ā¹80,952 crore, to be exact, in FY26-27!! With this much money, our city should look like Singapore or Tokyo, right?? At least we can have decent roads!!! Well, we all know the story!! So do you realise, Mumbai is not a poor city, it is a rich city with poverty-grade problems!! So as a Mumbaikar, I was furious and curious to understand: what the hell are these BMC folks doing with 80,000 crores in budget? Why do we not have basic roads and infrastructure in spite of having so much money? And what exactly does the govt of Maharashtra need to do to change the fortune of Mumbai? Our Best Indian Business Case Studies: 1. Dhirubhai https://youtu.be/bSx6hDjALkQ?si=wE6PGMgiv7PpHdla 2. Milky mist https://youtu.be/-98fnc4VAo8?si=NtKHTWjvtr_9V8ne 3. Old Monk https://youtu.be/GQPymbqa08A?si=BXhcZhDPXt9wTxO4 4. Waaree https://youtu.be/T1PLEPTbXc4?si=3VbRKyBnd-3Trfqt 5. Blinkit https://youtu.be/OGs2YsqvWDg?si=bZ_AqkdGEsl2X3xW ā Study Materials: https://indianexpress.com/article/cities/mumbai/subsidies-mega-projects-shrinking-reserves-bmcs-financial-squeeze-10483630/#:~:text=the%20Mumbai%20civic%20body%20has%20financial%20reserves%20of%20over%20Rs%2081%2C774%20crore%20for%20the%20year%202025%2D26. https://www.freepressjournal.in/mumbai/maharashtra-assembly-devendra-fadnavis-tables-cag-report-over-alleged-12000-crore-scam-by-bmc#:~:text=CAG%20had%20conducted%20audits%20of%20nine%20departments.%20It%20is%20not%20an%20overall%20audit%20of%20BMC%20but%20that%20of%20works%20of%20Rs12%2C000%20crore https://www.nationalheraldindia.com/national/cag-report-pulls-up-bmc-on-transparency-fund-utilisation-flags-non-sharing-of-covid-19-expenditure-records#:~:text=the%20audit%20observed%20that%20BMC%20awarded%2020%20works%20across%20two%20departments%20valuing%20Rs%20214.48%20crore%20without%20inviting%20tenders https://www.mid-day.com/mumbai/mumbai-news/article/mumbai-cag-audit-report-indicts-bmc-for-irregularities-23277301#:~:text=In%2013%20works%20costing%20Rs%203%2C355.57%20crore%20across%20three%20departments%2C%20third%2Dparty%20auditors%20were%20not%20appointed%20to%20assess%20the%20works. https://www.business-standard.com/article/current-affairs/mumbai-needs-single-planning-authority-for-pothole-free-roads-bmc-to-hc-122093001024_1.html#:~:text=BMC%20to%20HC-,Mumbai%20needs%20%27single%20planning%20authority%27%20for%20pothole%2Dfree%20roads%3A%20BMC%20to%20HC,-Mumbai%20cannot%20be Special thanks to @thebanat for the clip used in this video. Think School is a Digital School that we all deserved, but never had āŗāŗCheck out Think School's Online courses: https://www.thethinkschool.com #thinkschool #businesscasestudy #geopolitics Credits: CNN-News 18, WION, NBC News, Money control pro, Business standard, TV18,Business Today, ABC news, CNBC, ET now ,Bloomberg originals, Financial Times, DW documentary, AL Jazeera English, BBC news, Firstpost.
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