He said the size of the municipal bond market is much smaller when compared to the US, where the overall municipal bond outstanding is USD 4 trillion and annual issuances exceed USD 300 billion. "Our municipal bonds are quite small compared to what we witness in the US... I would urge pension funds and insurers to look at increasing support to municipal bond issuances," he said, speaking at an event organised by industry lobby grouping Assocham here.
Very few civic bodies have used the route to raise longterm resources for funding, even as policymakers have been trying hard to increase their usage.
Denne historien er fra August 10, 2024-utgaven av The Free Press Journal.
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Denne historien er fra August 10, 2024-utgaven av The Free Press Journal.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Ujjain's It Park Turns Into Reality
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Trump Outs Meeting With 'Fantastic' Modi
In a bid to woo the large Indian diaspora, Republican presidential candidate Donald Trump Tuesday revealed he will meet Prime Minister Narendra Modi next week during his visit to the United States.
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India looks to counter spin
Tricky Bangladesh no pushovers
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