Current Affairs - State - Discussion

Union Minister Venkaiah Naidu launched India's largest municipal bond program in Maharasthra after banging a gong to incorporate the Pune Municipal Corporation (PMC) in the list of BSE (Bombay Stock Exchange). The project looks to raise Rs 2,264 crore in five years. In its first part, the corporation raised Rs200 crore through the Bombay Stock Exchange's bond trading platform at a coupon rate (a fixed security amount) of 7.59% for 10 years.