Lucknow, May 2 -- Uttar Pradesh is poised to become the first in India to issue the highest number of municipal bonds, rapidly becoming a national leader in urban financial innovation, official sources said here on Friday.
Sources said that following the successful issuance of municipal bonds by the corporations of Lucknow, Ghaziabad, Agra and Prayagraj, Varanasi is now set to launch its own bond. "This will make UP the only state in the country with five municipal corporations listed on the stock exchange, surpassing states like Maharashtra and Gujarat in municipal bond activity," they said.
Sources said that the achievement is a testament to the Yogi government's commitment to building a self-reliant urban ecosystem and accelerating in...