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Who Launched Information Database on Municipal Bonds?
A)
World Bank
B)
Reserve Bank of India
C)
Securities and Exchange Board of India
D)
Insurance Regulatory and Development Authority

Correct Answer :   Securities and Exchange Board of India


Markets regulator Securities and Exchange Board of India (SEBI) has launched an information database on municipal bonds.
 
As part of efforts to develop the bond markets, an outreach programme on municipal bonds and municipal finance was organised by Sebi in the national capital on 20 January and 21 January 2023, according to a release on Sunday (22nd Jan 2023).
 
Representatives from various stakeholders, including the Ministry of Housing and Urban Affairs, municipal corporations, stock exchanges, credit rating agencies, merchant bankers and debenture trustees, participated in the programme.
 
At the event, Sebi Chairperson Madhabi Puri Buch emphasised the potential of municipal bonds in infrastructure development and nation building.
 
"The information database contains a wide range of information in the form of statistics and regulations, circulars, guidance note and Frequently Asked Questions issued by Sebi in respect of municipal debt securities."

About Municipal Bonds : A municipal bond (muni) is a debt security issued by a state, municipality or county to finance its capital expenditures, including the construction of highways, bridges or schools.

Through muni bonds, a municipal corporation raises money from individuals or institutions and promises to pay a specified amount of interest and returns the principal amount on a specific maturity date.

These are mostly exempt from federal taxes and from most state and local taxes, making them especially attractive to people in high income tax brackets....

Source : SEBI

Published On : January 24, 2023
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