 "municipal bonds")
Close on the heels of the Pune Municipal Corporation (PMC) tapping the municipal bond market, the New Delhi Municipal Council (NDMC) has announced its intention to follow suit.
The PMC raised Rs 200 crore last month by selling 10-year bonds, becoming the first civic body in 14 years to tap money through this route.
A Business Standard analysis of their budgets reveals that not only do the two civic bodies have different expenditure priorities, but they also rely on different sources of income to fund their expenditure plans.
Four broad trends emerge from the analysis.
First, the PMC
The PMC raised Rs 200 crore last month by selling 10-year bonds, becoming the first civic body in 14 years to tap money through this route.
A Business Standard analysis of their budgets reveals that not only do the two civic bodies have different expenditure priorities, but they also rely on different sources of income to fund their expenditure plans.
Four broad trends emerge from the analysis.
First, the PMC
