‘Large cities must raise funds via municipal bonds for development works’
‘Large cities must raise funds via municipal bonds for development works’ So far eight cities have raised funds through bonds and another six have submitted their proposals, he said. Current Affairs :A senior Central government official on Thursday solicited the neighborhood bodies from huge urban areas to improve their exhibitions by embracing best rehearses and decrease their reliance on government gives by turning out to be confident by raising obligation. Enormous urban communities must approach to raise assets through metropolitan securities to subsidize their formative ventures, Union lodging and urban issues secretary Durga Shanker Mishra said. “Since over two decades, the reliance of urban communities on awards from states and Center has expanded, which isn’t the correct methodology. These urban communities need to decrease their reliance and become independent. They should make the most of the chance to sell civil bonds,” Mishra said. So far eight urban areas ...