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6) What are municipal bonds? Recently government initiated a process to identify few cities to issue such bonds. Examine why and how these bonds will be issued.

Topicdevolution of powers and finances up to local levels and challenges therein (also Paper – 3: Infrastructure)

6) What are municipal bonds? Recently government initiated a process to identify few cities to issue such bonds. Examine why and how these bonds will be issued. (150 Words)

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