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Urban development ministry moves PMO to make Municipal bonds tax-free
Thursday, March 30, 2017, 7:41 AM
The urban development ministry has sought the intervention of Prime Minister’s Office to resolve a standoff with the finance ministry over issuance of municipal bonds, seen as the primary revenue source for most big ticket urban reforms, including Smart Cities Mission. The two ministries have locked horns over providing tax free status for municipal bonds.
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