Better of BS Opinion: Municipal bonds, indicators from market, and extra
The choice to concern Rs 200 crore value of bonds by the Lucknow Municipal Company ought to assist kick-start makes an attempt by different city native our bodies in comparatively under-developed states to search out alternative routes of financing infrastructure by tapping the capital markets.
Our lead editorial notes that it is a helpful method to try to develop the financing choices for city infrastructure in India —and to introduce some market self-discipline into city governance and income era.
Different opinion items for the day discuss inventory markets and authorities procurement.
The inventory markets are sending a transparent message. Progress will come again strongly in FY22, and maintain at increased ranges than the bears assume, writes Akash Prakash
Quote of the day
“Reforms are wanted for growth. Some legal guidelines, which was good prior to now century, have turn out to be a burden within the current century.”
Prime Minister Narendra Modi
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