Mumbai: The Brihanmumbai Municipal Corporation (BMC) presented its budget for the financial year 2025–2026 on Tuesday. BMC assigned an unprecedented budget of Rs 74,366 crore for the financial year 2025-26. The civic body budget allocated approximately Rs 4,000 crore for the Mumbai Coastal Road Project (Phase 2). BMC mentioned Phase 2, which will connect Versova and Dahisar.

The budget is a crucial component of the BMC’s operations, as it outlines the key factors and the city’s development, as well as what should be invested in and how to invest for the state. Coastal roads are crucial for Mumbai because they provide commuters with quick access and good connectivity, cutting the travel time between Marine Drive and Bandra-Worli Sea Link from 45 to 50 minutes to less than 10 minutes.

Mumbai Coastal Road Project (Phase 1)

The first phase of the Mumbai Coastal Road would be maintained, according to the budget, with Rs 1,516 crore allocated for the south section’s completion. Project Coastal Road (Phase 1) The first phase began in March 2024 with the opening of 10.58 km of coastal road. Starting at BD Somani Chowk, 280 m before the Princess Street Flyover at Marine Drive, the path leads to Worli, where it joins the Bandra-Worli Sea Link (BWSL). Estimated cost of the Mumbai Coastal Road Project Phase 1 was ₹13,060 crore.

Mumbai Coastal Road Project (Phase 2)

Phase 2 is now underway in the Versova and Dahisar neighborhoods of Mumbai. BMC mentioned the total amount of 4000 crore rupees that was permitted for phase 2 in the budget for 2025–2026. BMC is keenly focusing on the Coastal Road Project to develop the city and to reduce the traffic issue of Mumbai

BMC Budget 2025-26 Other Highlights

The BMC budget also prioritizes waste management services and educational facilities. Among the greatest services in Mumbai, together with the roads such as the Goregoan Mulund Link Road and the concretization projects

Mumbai: The Brihanmumbai Municipal Corporation (BMC) has allocated Rs 7,380.43 crore for healthcare in its 2025-26 budget of Rs 74,427 crore, focusing on hospital redevelopment, disease prevention and expanded medical services.

To increase capacity, 3,515 new beds will be added through municipal hospital redevelopment. Intensive care and neonatal ICU services in suburban hospitals will also be expanded. The Hinduhridaysamrat Balasaheb Thackeray – Aapla Dawakhana initiative, which has 250 centres and 33 polyclinics, has benefited 90 lakh patients so far.

New Aapla Dawakhana Centres To Come Up In City

In the coming year, 25 new Aapla Dawakhana centres and three physiotherapy centres will be set up. Free diagnostic tests, including X-rays, ECGs, CT scans, MRI and mammography, will be provided at municipal rates through private labs.

Under a public-private partnership model, private institutions will operate and maintain hospitals for 30 years. These include the 490-bed Bhagwati Hospital in R/North Ward, a 300-bed hospital transferred from MMRDA in M/East Ward, as well as the Punjabi Galli Diagnostic Center, Jakhadevi Multi-Specialty Clinic and Vikhroli Parksite Hospital.

Several specialty medical services and hospital upgrades are planned. Nair Hospital will get a new oncology and emergency department, while Cooper Hospital will have a 150-bed cancer unit equipped with Linear Accelerator radiation therapy. IVF and dialysis services will be expanded at KEM, Nair, and LTMG Hospitals. The redevelopment of LTMG Hospital will include a new nursing college and an oncology building.

A ‘Zero Prescription Policy’ will ensure that all required medicines are available in municipal hospitals. The ‘Aarogya Seva Aaplya Dari’ initiative will introduce door-to-door health check-ups. DNB medical courses will be expanded, with new specialisations in ENT and Anesthesia.

Cancer Screening Initiative

In terms of disease prevention and cancer screening, 30 lakh citizens will be screened for hypertension, while an HPV vaccination program will be launched for girls aged 9 to 14 to prevent cervical cancer. A ward-wise cancer care model will be implemented to screen for oral, breast and cervical cancer.

Efforts to eliminate tuberculosis include distributing kits with masks, sanitizers, and spittoons to all TB patients. A Next-Generation Sequencing pilot project at Kasturba Hospital will improve TB diagnosis. A new BPaL regimen for MDR-TB treatment will be introduced.

Initiatives Benefitting Pregnant Women & Children

Maternal and child healthcare initiatives include 38 ‘Maa Mitra’ helpdesks to track high-risk pregnancies, automated voice calls and SMS alerts for pregnant women and infant immunization, cochlear implant surgeries for children with hearing disabilities at AJB ENT Hospital, and the establishment of two new Nutrition Rehabilitation Centres for malnourished children.

The immunization and disease surveillance program will conduct 52,000 vaccination sessions annually across Mumbai. A Typhoid Sentinel Surveillance program will be introduced in nine health centres.

Mumbai, Feb 3: India’s stock markets on Monday were trading lower as weak global cues and a decline in Asian markets weighed on investor sentiment.

The benchmark indices, Sensex and Nifty, struggled throughout the day, with most sectors witnessing losses.

At the closing bell, the BSE Sensex had dropped 319.22 points, or 0.41 per cent, to settle at 77,186.74, while the Nifty was down 121.10 points, or 0.52 per cent, to close the trading session at 23,361.05.

The decline in the Indian share market is due to US President Donald Trump’s decision to impose a 25 per cent tariff on imports from Canada and Mexico, along with a 10 per cent duty on Chinese goods.

Trump argues that these measures are necessary to protect American borders and curb illicit activities.

Out of 50 constituent stocks on Nifty, 35 closed in the red as the exchange was in negative territory throughout the trading session.

Heavyweights like Larsen & Toubro, Tata Consumer, Hero MotoCorp, Coal India, and Bharat Electronics are among the top losers on NSE with losses extending up to 4.67 per cent.

On the other hand, 13 stocks managed to stay in positive territory, led by Bajaj Finance, Shriram Finance, Mahindra & Mahindra, Wipro, and Bajaj Finserv, which recorded gains of up to 5.12 per cent.

Most sectors were in the red, except for IT, which went up by 0.39 per cent and consumer durables, which rose 0.33 per cent.

The biggest losers were metal stocks, which fell 3 per cent, and oil & gas stocks, which declined 2.80 per cent.

Other sectors facing pressure included FMCG which was down by 2.14 per cent, PSU Banks was down by 2.02 per cent, and realty declined by 1.20 per cent.

The Nifty Bank index was also under pressure, slipping 0.61 per cent, along with financial services, healthcare, and pharma stocks.

The broader markets also struggled, with the BSE SmallCap index falling 1.85 per cent and the BSE MidCap index losing 1.29 per cent.

Meanwhile, India’s market volatility index, India VIX, rose 2.30 per cent to 14.42.