|
Rajya Sabha
The following Corporations/Municipal Bodies were allowed to issue tax free bonds during 2004-2005: -
Name of ULB/Corporation Amount
(Rs. In crore)
---------------------------------------------------------------------------
Chennai Metropolitan Water
Supply and Sewerage Board 50.00
Chennai Corporation 44.80
Ahmedabad Municipal Corporation 100.00
Karnataka Water & Sanitation
Pooled Fund Trust *100.00
----------------------------------------------------------------------------
* Permission granted in 2004-05. However, re-validated in 2005-06 at the instance of the applicant.
Name of ULB/Corporation
Amount
(Rs. In crore)
*Period
*Rate of interest
Chennai Metropolitan Water
Supply and Sewerage Board
55.00
7 years
5.45% p.a.
Chennai Corporation
44.80
10 years
5.45% p.a.
Ahmedabad Municipal Corporation
100.00
10 years
6% p.a.
Karnataka Water & Sanitation
Pooled Fund Trust
100.00
15 years
5.95% p.a.
* The tenure of bonds and rate of interest are decided by the issuer in consultation with financial institutions.
This information was given by Minister for Urban Development and Parliamentary Affairs, Shri Ghulam Nabi Azad in his written reply to a question of Shri Lalit Suri in the Rajya Sabha, today.
HRK/SK
|
