Bharuch: Farmers in Bharuch district are up in arms against the state government for refusing to make any changes in the Comprehensive General Development Control Regulations (CGDCR) declared under Bharuch Ankleshwar Urban Development Authority (BAUDA).
Miffed tillers decry the provisions claiming that about 40% of the land owned by them will be reserved under BAUDA without paying any compensation after Bharuch, Ankleshwar and about 44 villages were put under the D-2 category.
President, Bharuch Zilla Khedut Samaj, Mahendra Karamariya told TOI, “It is an injustice to farmers of all these villages that have come under BAUDA. The urban development department’s decision as a special case is surprising and needs thorough investigation.”
What is a municipal bond?
A municipal bond is a kind of debt instrument where investors offer loans to local governments. They are issued by civic bodies for specific projects and usually have a 10-year tenure. The ULB pays the annual interest on the bonds to the investor at the decided rate. The difference between a bank loan and a municipal bond is that any institution can secure a bond only if it has favourable credit ratings. The bond helps raise funds from the stock market. The bond also increases the number of investors available to the civic body, as compared to a loan from a single bank.