Union Minister Venkaiah Naidu launched India’s largest municipal Bond Programme

Posted on:23 Jun 2017 09:21:35
Union Minister Venkaiah Naidu launched India’s largest municipal Bond Programme
23 June 2017 Current Affairs:

  • Union Minister Venkaiah Naidu launched India’s largest municipal bond program after banging a gong to incorporate the Pune Municipal Corporation (PMC) in the list of BSE (Bombay Stock Exchange).

  • The PMC became the first municipal corporation in the country to tap money through municipal bonds in 14 years.

  • Municipal bonds have been in existence in India from the year 1997. Cities such as Ahmedabad, Bengaluru, Nashik, and Madurai have already issued them. 


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