GBA nudge to corporations to transfer funds raised through municipal bonds to BSMILE, opposed

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While the GBA is simply a cookware metropolis body, the 5 corporations are autonomous bodies and cannot beryllium forced to portion with their funds. | Photo Credit: SUDHAKARA JAIN

In a bid to mobilise much funds for projects to beryllium taken up by Bengaluru Smart Infrastructure Limited (B-SMILE), an SPV formed to spearhead bigticket projects, the Greater Bengaluru Authority (GBA) is readying to pat into funds raised by the 5 metropolis corporations done municipal bonds- ₹200 crore each, totalling to ₹1,000 crore.

However, aggregate corporations are resisting the proposal, arguing they had already fixed capable funds to the B-SMILE and person cited amended uses for the funds raised done municipal bonds elsewhere.

Published - April 04, 2026 07:32 p.m. IST

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