The BMC clearing a proposal to grant Rs 400 crore to the BEST undertaking kicked up a debate in the standing committee meeting on Monday following which corporators pointed out that the country's richest civic body might soon slip into a financial crisis.

With questions about how to balance revenue and expenditure raised before the civic administration, the members demanded to be informed about the measures that the BMC would take in future to deal with the crisis. Standing Committee chairman Yashwant Jadhav said the administration should provide full information in the next meeting. Despite opposition, the committee approved the proposal to provide Rs 400 crore to BEST in addition to the Rs 600 crore that was given to it in June.