Power News We love to talk!

MAR 20 2017

BEST staff to receive salaries from March 21

  • Economic Times, ET Bureau / Hyderabad
  • Created: Mon 20th MAR 2017

Mumbai Mayor Vishwanath Mahadeshwar has said that employees of the Brihanmumbai Electric Supply and Transport (BEST) undertaking will receive their salaries from March 21.

Mr. Mahadeshwar said that 31,000 employees of Grades 3 and 4 will receive their salaries on March 21, while 11,000 officers will receive their salaries on March 22. The announcement was made following a joint meeting of senior officials of BEST and the municipal corporation called by the Mayor.

No word on source

However, Mr. Mahadeshwar refused to give an exact source of funding for the Rs. 185 crore needed to pay the salaries. He said the salaries would be paid from BEST’s funds. He also said an action plan would be drafted within a week to resolve the BEST’s financial problems.

‘State help welcome’

When asked if the State government’s help would be sought for bailing out the BEST, the Mayor said while State help was welcome, the BMC and BEST were capable of sorting out their own problems. The BEST, which is facing huge losses, had sought bank loans to pay the salaries for the month of February.


Bombay Electricity Supply and Transport Mumbai

Related News

  • Oil bust spells boom for India refiners as investors weigh risks  Read more
  • SunEdison scoops up Continuums Wind in biggest clean energy buyout  Read more
  • BPCL seeks 49,0000 tons gasoline; adds to supply tightness  Read more
  • GVK Power arm, HDIL in slum rehabilitation pact  Read more
  • India's petroleum production: Stagnation continues  Read more
  • Tata Power scouts for coal mines in Indonesia, South Africa  Read more
  • Offshore Cos Attack ONGC Policy on Chartering Vessels  Read more
  • India sidesteps Pakistan in trade with big investment push for Iran's Chabahar  Read more
  • Coal case: CBI files cases against Central Collieries, Prakash Ind  Read more
  • India at the core of Schneiders global manufacturing plans  Read more