कोशिश गोल्ड - मुक्त

Coming: Insolvency law for civic bodies

Financial Express Mumbai

|

October 22, 2025

Move to boost credit profile & capex of urban local bodies

- MANU KAUSHIK

AFTER AMENDMENTS TO the Insolvency and Bankruptcy Code (IBC), currently under the consideration of a select committee of Parliament, the government may look at drafting a separate legislation for handling insolvency of urban local bodies (ULBs) and municipal corporations, official sources told FE.

The move is intended to inspire confidence among lenders to these entities, which play a critical and rising role in city infrastructure creation, besides being responsible for provisions of public services like water supply, sanitation, etc.

"Currently, the creditors are sceptical of lending money to municipalities which is affecting their ability to undertake capital expenditure. A dedicated insolvency legislation will lower the risk for lenders which would be willing to lend to them at lower rates. For municipalities, this will also provide a wider pool of capital to source from," an official said. "An insolvency mechanism designed for urban local bodies could jumpstart the investments to enhance the urban infrastructure," the person added.

Financial Express Mumbai से और कहानियाँ

Financial Express Mumbai

India outpaces other regions in Copilot adoption: GitHub

Competition from newer vibe coding tools not a concern: VP for Asia Pacific

time to read

2 mins

February 06, 2026

Financial Express Mumbai

UK PM flays ex-envoy over links to Epstein

BRITISH PRIME MINISTER Keir Starmer launched a fierce attack on his former US ambassador Peter Mandelson on Thursday, seeking to assuage anger from across British politics and saying he was sorry he had believed his “lies” before appointing him.

time to read

1 min

February 06, 2026

Financial Express Mumbai

‘We will deliver sustained growth next year also’

Godrej Properties saw a 20% yo-y jump in profit in Q3FY26 at ₹195 crore and its revenues fell 49% to ₹498 crore.

time to read

1 mins

February 06, 2026

Financial Express Mumbai

‘We are driving ULIPs in a big way across segments’

Pramerica Life Insurance is sharpening its retail focus.

time to read

2 mins

February 06, 2026

Financial Express Mumbai

Tata Motors posts ₹3,483 cr Q3 loss

TATA MOTORS REPORTED a consolidated net loss of 3,483 crore for the quarter ended December 31, 2025, as the lingering impact of a cyber attack incident at its luxury arm Jaguar Land Rover continued to weigh on performance.

time to read

1 min

February 06, 2026

Financial Express Mumbai

Rio walks away from Glencore merger talks

RIO TINTO GROUP is walking away from talks to acquire Glencore Plc after the two sides failed to agree on valuation, scuttling a potential mega merger that would have created the world’s largest mining company.

time to read

1 mins

February 06, 2026

Financial Express Mumbai

Textiles as Viksit Bharat's growth engine

THE VIKSIT BHARAT Budget 2026-27 signals confidence, conviction and clear reform orientation at a time of global uncertainty.

time to read

3 mins

February 06, 2026

Financial Express Mumbai

A shot in the arm

BUDGETARY ALLOCATIONS BODE WELL FOR INDIA'S FOREIGN AND SECURITY POLICIES

time to read

4 mins

February 06, 2026

Financial Express Mumbai

16th FC nudges states to mirror Centre's PSU policy

THE FINANCIAL PERFORMANCE of State Public Sector Enterprises (SPSEs) underscores the urgent need for comprehensive reforms at the state level, aligned with the Union government’s New Public Sector Enterprise (PSE) policy, the 16th Finance Commission said in its report.

time to read

2 mins

February 06, 2026

Financial Express Mumbai

ECB keeps rates steady

THE EUROPEAN CENTRAL

time to read

1 mins

February 06, 2026

Listen

Translate

Share

-
+

Change font size