September 20, 2025
Daily current affairs:September 20, 2025
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Indian Municipal Bond Market Faces Challenges Due to Weak Urban Local Bodies
Short Description : Challenges in India's municipal bond market arose due to financial weaknesses of Urban Local Bodies (ULBs), affecting infrastructure funding.
Long Description : India’s growing municipal bond market, important for urban infrastructure development, is facing hurdles as many Urban Local Bodies show poor financial health. This impacts their ability to raise funds through bonds, slowing urban development projects. Strengthening ULB financial management and creditworthiness is crucial for sustainable infrastructure growth and meeting India’s urbanization goals.