Hyderabad, February 23, (News Pulse)
In the history of the country, the Hyderabad city governing body (GHMC) has set a new record. The Hyderabad city administration is officially registered in the Bombay Stock Exchange (BSE), comprising Rs 200 crore funding through the bonds. With this funds, the Hyderabad city will be implemented as a strategic highway scheme (SRDP) to make it a signal free city. The issuance of Bonds is easy to obtain as a stable rating as a trusted municipality in financial discipline, stability of income lines, internal resource growth, surplus funds etc. Under the step, the government has decided to procure Rs 1,000 crore for the SRDP in the form of Baldia bonds. In the first phase, Rs. The general secretary of the state government, SK, conducted this charity event which was conducted at the GHMC headquarters on Thursday. Joshi, Mayor of Hyderabad Bantu Rammohan, Chief Financial Officer of the Finance, Ramakrishna Rao, Municipal Department Chief Arvind Kumar, GHMC Commissioner Janardhan Reddy, Director of Municipal Department Mr. Sridevi. SK on this occasion.
GREATER HYDERABAD IN STOCK MARKET LISTING
Joshi said that the Hyderabad Metropolitan Authority has been embroiled in the country by funding through bonds. Local organizations are advised to get their own funds without paying attention to governments. It is the GHMC's ideal for other municipalities and local organizations. At present ratings companies have expressed hope that any positive achievement in the GHMC prospectus, which has achieved double-stage level, Joshi has congratulated GHMC Stock Exchange listing through a collection of bonds as a historical event.
