Current Affairs - National - Discussion

Nashik Municipal Corporation became the first Urban Local Body in Maharashtra to issue public Green Municipal Bonds and list them on the National Stock Exchange of India. These bonds are fixed-income debt instruments used by local governments to raise funds specifically for environmentally sustainable projects and climate-friendly initiatives. The listing ceremony was marked by Ashish Chauhan, Managing Director of NSE, who presented a replica of the NSE bell to Devendra Fadnavis. The funds generated from these bonds will support green infrastructure, sustainable urban development, and environmentally beneficial public projects in the city.