CAMEO+ eventECONOMIC2026-04-04馃嚠馃嚦
GBA urges corporations to transfer municipal bond funds to BSMILE, faces opposition
source: Greater Bengaluru Authority -> target: Five city corporations in Bengaluru
On 2026-04-04, the Greater Bengaluru Authority reportedly urged the five Bengaluru city corporations to transfer funds raised through municipal bonds to B-SMILE, a city infrastructure special purpose vehicle. Some corporations opposed the move, saying they were autonomous and had alternative uses for the bond proceeds.
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BengaluruKarnatakaSouth AsiaIndiaAsia12.972, 77.595
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