Uttar Pradesh CM Yogi Adityanath at the BSE in Mumbai on 2 December
Uttar Pradesh CM Yogi Adityanath at the Bombay Stock Exchange in Mumbai on 2 December | Twitter: @BSEIndia
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Mumbai: Uttar Pradesh Chief Minister Yogi Adityanath on Wednesday rang the bell at the Bombay Stock Exchange in Mumbai at the listing of bonds of Lucknow Municipal Corporation (LMC), saying the civic body was progressing towards achieving the goal of “Aatmanirbhar Bharat (self-reliant India)” amid the pandemic.

“In the times of the COVID, Lucknow Municipal Corporation is progressing towards achieving the “Aatmanirbhar Bharat” goal with the listing of its bonds worth Rs 200 crore at the BSE. The corporation is committed to improving the lives of its residents,” the UP chief minister said, after ringing the bell at the BSE for listing the bonds.

According to the Chief Minister’s Office (CMO), the Lucknow Municipal Corporation is the first civic body in north India to issue bonds, even as the process of issuing municipal bonds by civic bodies started in the country in 1997.

“The UP government has decided to issue the municipal bonds for Agra, Kanpur, Prayagraj and Varanasi civic bodies as well,” the UP CMO said, adding the highest number of 700 urban bodies in the country are in Uttar Pradesh where eight crore people live.
Earlier in the day, Adityanath’s Office tweeted”…LMC’s bonds have witnessed an astounding oversubscription since it’s launch.”

Earlier in the day, Yogi Adityanath Office in a tweet said “A new chapter will be written in the development history of UP, CM Shri @myogiadityanath Ji to ring the bell at @BSEIndia in Mumbai today for listing of bond of Lucknow Municipal Corporation. LMC’s bonds have witnessed an astounding oversubscription since it’s launch.”

Uttar Pradesh Cabinet Ministers Siddarth Nath Singh, Ashutosh Tandon, and Additional Chief Secretary (Information Department) Navneet Sehgal visited BSE on Tuesday to oversee the preparations for the listing ceremony.

Also read: Why Indian stock markets have hit all-time high despite Covid, lockdown, record slowdown


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