Competition refresher magazine

Competition refresher magazine

Competition refresher magazine Published this article page no 17 this article was published in the month of november gap in allocation and transfer of grant generally the actual release of grant by the centre to the local bodies has been lower than the recommended amount by about 15% primarily due to their failure to meet different conditionalities. steps needed to strengthen the financial health of municipalities  tapping capital market ulbs can issue municipal bonds through an escrow account or finance through special purpose vehicles (spvs) and state-pooled finance entities. competition refresher magazine pdf for example chinas local government financing vehicle (lgfv) is an investment company that sells bonds in the bond markets for financing real estate development and other local infrastructure projects.  pooled financing the smaller ulbs access to the capital market can be enhanced through pooled financing under which a common bond is issued by pooling the resources of several local bodies.  this is because for smaller ulbs the initial cost of bond issuance can be prohibitively high. initiatives for improving financial health of municipalities  the 15th finance commission (fc-xv) recommended 4.36 lakh crore as grants to local governments for the period 2021-22 to 2025-26 - the largest share of grants to be assigned for local bodies.  the department of economic affairs (dea) ministry of finance has issued guidelines on use of municipal bond financing for infrastructure projects competition refresher magazine subscription. 

Competition refresher magazine