Development of municipal bond market in India: issues concerning financing of urban infrastructure
By: Bagchi, Soumen.
Contributor(s): Kundu, Anirban.
Material type:
ArticlePublisher: 2003Description: p.789-798.Subject(s): Local government - India | Local government
In:
Economic and Political WeeklySummary: This paper addresses the issue of the limited success of municipal bond markets in India even a decade after the decentralisation initiative was launched through the 74th Constitution Amendment Act. It looks at some of the problems and constraints encountered in developing the bond market and the policy changes and reforms that need to come about to vitalise it, such as financial empowerment of urban local bodies. - Reproduced.
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Articles
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Indian Institute of Public Administration | Volume no: 38, Issue no: 8 | Available | AR56218 |
This paper addresses the issue of the limited success of municipal bond markets in India even a decade after the decentralisation initiative was launched through the 74th Constitution Amendment Act. It looks at some of the problems and constraints encountered in developing the bond market and the policy changes and reforms that need to come about to vitalise it, such as financial empowerment of urban local bodies. - Reproduced.
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