Surat Municipality will determine the interest rate of the stock

If the public issue is released, the interest rate will be fixed. Therefore, the municipality will also save. This has led to this decision by the municipality. A proposal to work for the work, including the appointment of an agency, has been proposed before the Standing Committee on which the rulers will decide. According to the information obtained, the Facevelue for the IPO has been fixed at Rs 1000. Five environmental projects of Municipal Corporation will be obtained from an internal source of Rs 215.98 crore and Rs 168.60 crore from other sources.

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Source of income surrenders to the stock market

With the arrival of the Municipal Corporation in the stock market, the SMC bonds will be used to work with the source of income. The Urban Development Department will soon list the stock market, with the approval of the 200 crore green bonds. For the first time in the country, a municipality is going to make the stock market. Today, people are starting to invest in the stock market and mutual funds to earn more. The cost has increased due to the appearance of people today. Efforts are being made to increase the source of financial income by the expensive fees of schools as well as the increasing number of people. Due to limited pay standards, people are investing safely in the stock market due to the outgoing income.