ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Ahmedabad Municipal Bond

The Rs 1,000-million municipal bond issue of the Ahmedabad Municipal Corporation was a landmark in that it was the first such instrument issued in India without a state guarantee. The proceeds of the issue were to be used to fund the city's water supply and sewerage project. This paper describes the groundwork that was prepared for the bond issue, the conception and financing pattern of the project, and the issuance of the municipal bonds. The authors argue that the technical framework set up for the AMC bonds can act as a blueprint for future development initiatives.

Neglect of Hospital Waste Control

Hospital wastes are often extremely hazardous and may well be responsible for the spread of any number of infections. Yet hardly any effort is made to segregate hospital waste at source, store it hygienically or treat it before disposal.

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