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The Greater Hyderabad Municipal Corporation (GHMC)’s Disaster and Response Force (DRF) personnel completed training in rescue operations with National Disaster Response Force (NDRF) at 10th Battalion, NDRF on the banks of Krishna River in Vijayawada. The training was for three months on flood rescue operations and building collapse rescue.

The Greater Hyderabad Municipal Corporation completed training in rescue operations with NDRF

After the Greater Hyderabad Municipal Corporation (GHMC), another 14 Urban Local Bodies (ULB) in the State are likely to issue pooled municipal bonds to raise funds for taking up different development works, especially those related to infrastructure. The GHMC, for the first time, had issued bonds in 2018 and raised about Rs.495 crore for executing different works. Buoyed with the success of GHMC, 14 ULBs in the State are now likely to follow suit and raise funds in similar fashion.

Urban local bodies in Telangana to issue pooled municipal bonds

There has been no revision in the property tax rates since 2003 for residential properties and 2007 for commercial properties. The low base rate has, to an extent, hindered the ability of the Corporation to raise the property tax revenues. 

The issuer has made timely interest payments.

 D. Ronald Rose(IAS), Commissioner

GHMC has good infrastructure in place and has a strong track record in terms of coverage and service delivery with about 90% coverage of water supply and 100% coverage of sewerage. 

There has been a sustained increase in the revenue receipts of the corporation over the last few years. The adjusted revenue receipts witnessed y-o-y 16% during FY23 from ₹3,105 crore in FY22 to ₹3,601 crore in FY23 mainly led by increase in fee income and user charges. Property tax grew marginally by 2.9% during


The capital expenditure of the corporation, which is mainly incurred towards development of civic amenities and infrastructure projects, has been fairly steady over the years.

10.23%Greater Hyderabad Municipal Corporation 21 Aug 2029

ISIN:

INE477Z24011

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Greater Hyderabad Municipal Corporation

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The Greater Hyderabad Municipal Corporation completed training in rescue operations with NDRF

Urban local bodies in Telangana to issue pooled municipal bonds

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