Municipal Bonds crucial for uplifting Indias urban infrastructure
The Dollar Business Bureau “Municipal Bonds are of crucial importance for uplifting India’s urban infrastructure. They may act as an alternative to the central and state government grants to urban local bodies (ULBs), whose quantum is likely to be reduced in the near future,” said a report. Adopting an innovative mode of financing in the form of ‘Government Citizen Partnership (GOCIP) Bonds’ where citizens invest in the bonds floated by ULBs to improve urban infrastructure and urban civic services is one such option, said an India Ratings report (Ind-Ra). This will make the development process participatory as it will enable citizens to be a part of the city improvement process. Citizens as investors of ‘GOCIP Bonds’ can keep a ...
