This refers to the suggestions made by the Deepak Parekh Committee on infrastructure financing. Infrastructure reforms have been on the back burner for years and considering the current recessionary atmosphere, they can be a boon for the economy.
I feel that apart from conventional infrastructure financing instruments, the government should also consider rejuvenating the municipal bond market. Infrastructure development at the local level is more important and municipal bonds can be useful to achieve this end. The government should try to tap the municipal bond market by bringing reforms to remove drawbacks and encourage investor awareness and security.
Anand Wadadekar, Pune
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