The Greater Hyderabad Municipal Corporation (GHMC), on August 20, 2019, raised Rs 100 crores through an issue of municipal bonds, through the BSE’s electronic bidding platform, as part its Rs 300-crore fund-raising plan. The … READ FULL STORY
In a bid to make funds available to the Lucknow and Ghaziabad civic bodies, the Uttar Pradesh government, on July 15, 2019, gave its nod to float municipal bonds. The decision was taken at … READ FULL STORY
The primary constraints in developing a municipal bond market, are the lack of timely and publicly available information on fiscal performance, debt and contingent liabilities, as well as governance and management issues, international rating … READ FULL STORY
Union Urban Development Minister Venkaiah Naidu, on June 22, 2017, exhorted municipal bodies to ‘start looking inward and raise money.’ There is enough money in the system but the local bodies need to tap … READ FULL STORY
