Explore the financial strength of the Municipal Corporation of Greater Mumbai (MCGM) in its FY17 financial statement. With a massive budget of INR 394 billion and substantial bank deposits of INR 236 billion, MCGM stands as India’s wealthiest municipality. However, delays in capital projects, high receivables of INR 172 billion, and the need for improved financial reporting and disclosures beckon as areas of improvement for this influential public institution. Read more in this report by Janaagraha.

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