opensansad/lok-sabha-qa huggingface dataset:
Lok Sabha Question No. 2295 (UNSTARRED), answered on 2017-07-28
Subject: Accident Insurance for ATM Card Holders
Ministry: FINANCE
Asked by: MANSHANKAR NINAMA

## 2295. SHRI

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICES

## LOK SABHA UN-STARRED QUESTION No. 2295

TO BE ANSWERED ON 28TH JULY 2017 (FRIDAY) / SHRAVANA 6, 1939 (SAKA)

## Accident Insurance for ATM Card Holders

## MANSHANKAR NINAMA :

Will the Minister of FINANCE be pleased to state:

- (a)
- whether ATM card holders are provided any accident insurance cover by the banks; and
- (b) if so, the details of the scheme along with the number of card holders received accident insurance claims during the financial year 2016-172

## Answer The Minister of State in the Ministry of Finance

## (SHRI SANTOSH KUMAR GANGWAR)

(a) & (b): All RuPay ATM-cum-debit cardholders are presently eligible for accidental death and permanent disability insurance cover: RuPay Classic cardholders are eligible for cover of Rs.1 lakh; whereas   RuPay   Premium cardholders are eligible for cover of Rs.2 lakh: Insurance premium is by the National Payments Corporation of India. 872 cardholders received insurance claims during the financial year 2016-17. paid

*****
Lok Sabha Question No. 2292 (UNSTARRED), answered on 2017-07-28
Subject: CSR Activities in North Eastern States
Ministry: CORPORATE AFFAIRS
Asked by: PREM DAS RAI

## GOVERNMENT OF INDIA

## MINISTRY OF CORPORATE AFFAIRS

## LOK SABHA

UNSTARRED QUESTION NO. 2292

ANSWERED ON FRIDAY THE 28th JULY, 2017

SHRAVANA 6, 1939 (SAKA)

## CSR ACTIVITIES IN NORTH EASTERN STATES QUESTION

2292. SHRI PREM DAS RAI:

Will the Minister of CORPORATE AFFAIRS be pleased to state:

कारपोरेट कार्य मंत्री

- (a) the details of proportion of Corporate Social Responsibility (CSR) Funds from Public Sector Undertakings (PSUs) being allocated for developmental activities in the North Eastern States and the activities undertaken by PSUs; and
- (b) whether the Government proposes a minimum percentage of funds to be spent in North Eastern States and if so, the details thereof?

## ANSWER

THE MINISTER OF STATE IN THE MINISTRY OF CORPORATE AFFAIRS                    (SHRI ARJUN RAM MEGHWAL)

(

कारपोरेट कार्य मंत्रालर् में राज्र् मंत्री

श्री अर्जुन राम मेघवाल )

- (a) & (b): As per Section 135(3) & (4) of the Companies Act, 2013 the CSR Committee and the Board of a company are responsible for allocation and utilisation of Corporate Social Responsibility (CSR) funds. Section 134 (3) (o) of the Act mandates the Board to disclose the same. The Government has no role for allocation of CSR funds, including for specific geographical areas.  As  per  filings  made  by  16  Public  Sector  Undertakings  on  MCA21 system, which have been compiled by Ministry of Corporate Affairs, a total of Rs. 46.47 crores was spent in education, environmental sustainability, health  care,  livelihood  projects,  rural  development,  sanitation,  socioeconomic  inequalities,  Swachh  Bharat  Kosh,  vocational  skills,  women empowerment in the North Eastern States for the financial year 2015-16.
- *******
Lok Sabha Question No. 2291 (UNSTARRED), answered on 2017-07-28
Subject: Medical Seats in Andhra Pradesh
Ministry: HEALTH AND FAMILY WELFARE
Asked by: J.C. DIVAKAR REDDY

## GOVERNMENT OF INDIA MINISTRY OF HEALTH AND FAMILY WELFARE DEPARTMENT OF HEALTH AND FAMILY WELFARE

LOK SABHA UNSTARRED QUESTION NO. 2291 TO BE ANSWERED ON 28 TH JULY, 2017

## MEDICAL SEATS IN AND HRA PRADESH

## 2291. SHRI J.C. DIVAKAR REDDY:

Will the Minister of HEALTH AND FAMILY WELFARE be pleased to state:

- (a) whether the Government has any proposal to increase MBBS/PG medical seats in Andhra Pradesh;
- (b) if so, the details thereof; and
- (c) whether any request has been rec ived from State Government and if so, the details thereof and the action taken thereon?

## ANSWER THE MINISTER OF STATE IN THE MINISTRY OF HEALTH AND FAMILY WELFARE (SHRI FAGGAN SINGH KULASTE)

- (a) to (c): The colleges desirous of increasing MBBS and PG seats are required to make applications to the Central Government under section 10 A of Indian Medical Council Act, and relevant MCI Regulations.

For the year 2018 -19, 5applications for starting PG courses (Broad Specialty) in one Government  College  in  Andhara  Prade sh  were  received.  The  last  due  for  issue  of  Letter  of Permission for PG (Broad Specialty) courses of the year 2018 -19 is 28.02.2018.

Further, in the light of revision in Teacher -Student ration and as a onetime measure, the Government  permitted  181  add itional  PG  seats  in  various  Government  Medical  Colleges  in Andhra Pradesh for the academic session 2017 -18.
Lok Sabha Question No. 2289 (UNSTARRED), answered on 2017-07-28
Subject: Benefits of Blue Economy
Ministry: DEFENCE
Asked by: B.N. CHANDRAPPA, DODDAALAHALLI KEMPEGOWDA SURESH, NALIN KUMAR KATEEL

## GOVERNMENT OF INDIA MINISTRY OF DEFENCE DEPARTMENT OF DEFENCE

## LOK  SABHA

## UNSTARRED QUESTION NO.2289

TO BE ANSWERED ON THE 28 TH  JULY, 2017

## BENEFITS OF BLUE ECONOMY

2289.  SHRI  B.N. CHANDRAPPA:

SHRI D.K. SURESH:

SHRI NALIN KUMAR KATEEL:

j{kk ea=h

Will the Minister of DEFENCE be pleased to state:

- (a) whether the Government  proposes to utilize the country's long coastline, numerous islands, and large exclusive economic zone and continental shelf to reap the benefits of a 'blue economy';
- (b) if so, the details thereof;
- (c) whether the Government has taken any steps to engage maritime forces of friendly nations at  multiple  levels,  in  training,  in  technical  areas  and  hydrography  and  conduct maritime security operations; and
- (d) if  so, the details thereof and steps taken / being taken by the Government in this regard?

## A    N    S    W    E    R

MINISTER OF STATE IN THE MINISTRY OF DEFENCE

(DR. SUBHASH BHAMRE)

र  ा रा य मं ी

(डा. सुभाष भामरे)

(a) to (d): Government is implementing a Central Plan Scheme on 'Blue Revolution:  Integrated  Development  and  Management  of  Fisheries'  with a vision to achieve economic prosperity of the country and the fishermen through utilization of full potential of  water resources for development of fisheries in a sustainable manner.

Besides, in April 2017, Government has notified the 'National Policy on  Marine Fisheries, 2017' (NPMF), which provides guidance for promoting

'Blue  Growth  Initiative'  which  focus  on  ushering  'Blue  Revolution' (Neeli Kranti) by sustainable utilization of fisheries wealth from the marine and  other  aquatic  resources  of  the  country  for  improving  the  lives  and livelihoods  of  fishermen  and  their  families.    The  'Blue  Revolution'  will encompass elements of the 'Blue Growth Initiative', as also the targets set under the Sustainable Development Goals. Friendly  foreign  countries  are  being  engaged  extensively  by  Indian Navy through material support, training EEZ surveillance,  provisioning of platforms,  hydrographic assistances, joint  exercises  and offering  slots in professional  training  courses,  etc.    The  recent  steps  undertaken  by  the Indian Navy to engage friendly foreign countries includes embarkation of Sea  Riders during  Overseas  Deployments  of  Indian Navy Training  Ships, inviting 'Observers' from friendly navies viz. Myanmar,  Bangladesh, Sri  Lanka  and  Maldives  for  the  Joint  Annual  Tri-Service  HADR  Exercise, conducted by the Indian Navy at Karwar from 18 th to 20 th May 2017, offering training vacancies in various professional courses, etc.

******
Lok Sabha Question No. 2287 (UNSTARRED), answered on 2017-07-28
Subject: Debt Recovery Tribunals
Ministry: FINANCE
Asked by: AJAY (TENI) MISRA

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICES

## Lok Sabha UN-STARRED QUESTION NO.2287

TO BE ANSWERED ON THE 28 TH  JULY, 2017 SHRAVANA 6, 1939 (SAKA)

## Debt Recovery Tribunals

## QUESTION

## 2287. SHRI AJAY MISRA TENI :

Will the Minister of FINANCE be pleased to state:

- (a) Whether more than 70000 cases relating to banks debt recovery amounting to Rs. 5 lakh crores are pending with the Debt Recovery Tribunal (DRT) and if so, the details thereof;
- (b) Whether the Government has fixed time limit of 180 days for the dispose of the said cases by amending the law in August, 2016 for ensuring early disposal of cases and if so, the details thereof;
- (c) Whether the shortage of staff and resources in the DRT in proportion to the workload is the main reason for failure in achieving targets;
- (d) If so, whether any study has been conducted by the Government on resources and staff before fixing the time limit for recovery of loan as per the new law; and
- (e) If  so,  whether  any  time-bound  action  plan  has  been  formulated  by  the  Government  to  augment resources and staff in the DRT to achieve targets within the stipulated time?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI SANTOSH KUMAR GANGWAR)

- (a) : As on 30.6.2017, there were 1,09,518 pending cases in Debts Recovery Tribunals (DRTs) relating to recovery of debts due to banks and financial institutions involving an amount of Rs. 6,35,511 crore.
- (b)  to  (e): As  per  Section  19(24)  of  The  Recovery  of  Debts  Due  to  Banks  and  Financial  Institutions (RDDBFI) Act 1993  'The application made to the Tribunal under sub-section (1) or sub-section (2) shall  be  dealt  with  by  it  as  expeditiously  as  possible  and  every  effort  shall  be made  by  it  to complete  the  proceedings  in  two  hearings,  and  to  dispose  of  the  application  finally  within  one hundred and eighty days from the date of receipt of the application.'

The  provision  of  180  days  already  existed  in  the  RDDBFI  Act  prior  to  the  amendments  of August,  2016. No  time  limit  has  been  fixed  for  recovery  of  loan  under  the  RDDBFI  Act  (as amended).

Considering the increase in workload of the 33 DRTs existing in 2013 and the large  number of cases being filed, a study was conducted.  Based on the study, a proposal for setting  up  6  new  DRTs  was approved on 10.12.2014, which has been implemented.  Necessary infrastructure and  staff is deployed in DRTs and action is taken to fill up vacant posts and augment resources from time to time.

*****
Lok Sabha Question No. 2286 (UNSTARRED), answered on 2017-07-28
Subject: CSR by NGOs
Ministry: CORPORATE AFFAIRS
Asked by: TATHAGATA SATPATHY

## GOVERNMENT OF INDIA

## MINISTRY OF CORPORATE AFFAIRS

## LOK SABHA

UNSTARRED QUESTION NO. 2286

ANSWERED ON FRIDAY THE 28th JULY, 2017

SHRAVANA 6, 1939 (SAKA)

CSR BY NGOs

QUESTION

2286. SHRI TATHAGATA SATPATHY:

Will the Minister of CORPORATE AFFAIRS be pleased to state:

कारपोरेट कार्य मंत्री

- (a) whether there is any plan to rate the Non-Governmental Organisations (NGOs)  that  could  be  engaged  by  the  companies  for  implementing  their Corporate Social Responsibility (CSR) initiatives and if so, the details thereof along with the parameters for rating such NGOs; and
- (b)  whether  the  Government  is  planning  to  divulge  the  parameters  of selecting  and  rating  various  NGOs  on  the  Department  website  to  ensure transparency and if so, the details thereof?

## ANSWER

THE MINISTER OF STATE IN THE MINISTRY OF CORPORATE AFFAIRS                    (SHRI ARJUN RAM MEGHWAL)

(

कारपोरेट कार्य मंत्रालर् में राज्र् मंत्री

श्री अर्जुन राम मेघवाल )

(a) & (b):  No such proposal is under consideration of the Government.

*******
Lok Sabha Question No. 2284 (UNSTARRED), answered on 2017-07-28
Subject: Sainik Schools
Ministry: DEFENCE
Asked by: CHANDRA PRAKASH JOSHI

## GOVERNMENT OF INDIA MINISTRY OF DEFENCE DEPARTMENT OF DEFENCE

## LOK  SABHA UNSTARRED QUESTION NO.2284

TO BE ANSWERED ON THE 28 TH  JULY, 2017

## SAINIK  SCHOOLS

2284.  SHRI  CHANDRA PRAKASH JOSHI:

Will the Minister of DEFENCE j{kk ea=h be pleased to state:

- (a) whether the performance of Sainik Schools have been dropping gradually in recent years specifically in terms of the  intake in NDA in comparison to Rashtriya Military Schools and if so, the details thereof;
- (b) whether the Government plan to review the composition of Board of Directors of Sainik Schools to have representation from NDA, IMA retired Generals and eminent academicians to improve the dwindling performance and if so, the details thereof;
- (c) whether  the  dropout  rate  of  students  in  Sainik  Schools  is  increasing  considerably  in recent years;
- (d) if  so,  the  details  of  the  dropout  of  last  five  years  along  with  the  steps  taken  by  the Government to bring down the dropout rate; and
- (e) whether the Government plans to open Sainik Schools for girls also and if so, the details thereof?

## A    N    S    W    E    R

MINISTER OF STATE IN THE MINISTRY OF DEFENCE

(DR. SUBHASH BHAMRE)

र  ा रा य मं ी

(डा. सुभाष भामरे)

- (a) The  performance  of  Sainik  Schools  is  not  dropping  gradually  in  recent years  specifically  in  terms  of  the  intake  in  NDA  in  comparison  to  Rashtriya Military  Schools.    Number  of  Cadets  of  Sainik  Schools  and  Rashtriya  Military Schools who joined NDA during the last five years is given in Annexure-I.
- (b) No, Madam.
- (c) No, Madam.
- (d) Does not arise in view of (c).
- (e) As on date, there is no plan for opening of Sainik Schools exclusively for girls.

******

## ANNEXURE-I  REFERRED  IN  THE  REPLY  GIVEN  IN  PART  (a)  OF  LOK SABHA UNSTARRED QUESTION NO. 2284 FOR ANSWER ON 28.7.2017

## Details of the Cadets of Sainik Schools and Rashtriya Military Schools joining NDA for the last five years:

| Year   | Name of School             |   Joined NDA |
|--------|----------------------------|--------------|
| 2012   | Sainik Schools             |          175 |
|        | Rashtriya Military Schools |           45 |
| 2013   | Sainik Schools             |          123 |
|        | Rashtriya Military Schools |           23 |
| 2014   | Sainik Schools             |          123 |
|        | Rashtriya Military Schools |           22 |
| 2015   | Sainik Schools             |          141 |
|        | Rashtriya Military Schools |           23 |
| 2016   | Sainik Schools             |          152 |
|        | Rashtriya Military Schools |           31 |

******
Lok Sabha Question No. 2283 (UNSTARRED), answered on 2017-07-28
Subject: Impact of GST on Medicines
Ministry: FINANCE
Asked by: BHANU PRATAP SINGH VERMA

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE

*****

## LOK SABHA

## UNSTARRED QUESTION NO.2283

## TO BE ANSWERED ON FRIDAY THE 28 TH   JULY, 2017 SHRAVANA 6, 1939 (SAKA)

## IMPACT OF GST ON MEDICINES

## 2283. SHRI BHANU PRATAP SINGH VERMA:

Will the Minister of FINANCE be pleased to state:

- (a) whether the prices of medicines have come down after the implementation of Goods and Services Tax and if so, the details thereof;
- (b) whether the Government is working on minimum taxation for medicines in future and if so, the details thereof; and
- (c) the time by which the said dispensation is likely to be implemented?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI SANTOSH KUMAR GANGWAR)

(a)& (b): Taking into consideration the Pre-GST tax incidence, the GST Council has recommended 12% GST for medicines in general. A number of specified medicines, however, attract a lower GST rate of 5%. (c): Does not arise in view of (a) & (b) above.

******
Lok Sabha Question No. 2282 (UNSTARRED), answered on 2017-07-28
Subject: Antara
Ministry: HEALTH AND FAMILY WELFARE
Asked by: CH. MALLA REDDY

## GOVERNMENT OF INDIA MINISTRY OF HEALTH AND FAMILY WELFARE DEPARTMENT OF HEALTH AND FAMILY WELFARE

## LOK SABHA UNSTARRED QUESTION NO. 2282 TO BE ANSWERED ON 28 TH JULY, 2017

## ANTARA

## 2282. SHRI CH. MALLA REDDY:

Will the Minister of HEALTH AND FAMILY WELFARE be pleased to state:

- (a) whether the Government has launched a software -Family Planning Logistics Management Information System  (FP - LMIS) - designed  to  provide robust  information  on  the  demand  and distribution  of  contraceptives  to  health facilitie s  and  ASHAs  to  strengthen  supply chain management;
- (b) if so, the details thereof;
- (c)  whether  Government  launched  a consumer  friendly  website  on  family planning  and  a  52 week long radio show for couples to discuss issues related to marriage and family planning; and
- (d) if so, the details thereof?

## ANSWER THE MINISTER OF STATE IN THE MINISTRY OF HEALTH AND FAMILY WELFARE (SMT. ANUPRIYA PATEL )

- (a) & (b): Yes, the Family Planning Logistics Management Information System (FP -LMIS) is a web based, mobile ap p based and SMS based application and
- i.It provides an instant access to information on stocks from National level to ASHA lev
- ii. It helps in forecasting the requirement of contraceptives.
- iii. It generates SMS alerts for key indicators
- iv.It also generates indicators and reports automatically for program review.
- (c) & (d): Yes,  the  government  has  launched  a  consumer - friendly  website  on  family planning  under  URL www.humdo.nhp.gov.in which  provides  all  the  informati on  on  family planning and a 52 week long unique weekly radio show 'HUM DO' to promote inter spousal communication and awareness on family planning methods.
Lok Sabha Question No. 2280 (UNSTARRED), answered on 2017-07-28
Subject: Economic Offenders
Ministry: FINANCE
Asked by: CHINTAMAN NAVSHA WANAGA

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE

## LOK SABHA UNSTARRED QUESTION NO. 2280

TO BE ANSWERED ON FRIDAY, 28 JULY 2017

SHRAVANA 06,1939 (SAKA)

## Economic Offenders

2280. Adv. Chintaman Navasha Wanaga:

Will the Minister of FINANCE be pleased to state:

- (a) back   absconding economic  offenders  taking shelter / residing settled in other countries particularly in United Kingdom (UK); bring
- c) the steps taken by the Government to extradite such economic offenders from other countries particularly from UK?
- if s0, the details thereof along with  number of economic offenders in various countries particularly in UK; and

## ANSWER

MNNISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI SANTOSH KUMAR GANGWAR)

(a) to (c) Information is being collected and shall be laid on the Table of the House:

*****
Lok Sabha Question No. 2279 (UNSTARRED), answered on 2017-07-28
Subject: Thefts in Bank Lockers
Ministry: FINANCE
Asked by: SRIRAM MALYADRI, AJAY (TENI) MISRA, R. GOPALAKRISHNAN

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICES

## LOK SABHA UNSTARRED QU ESTION NO 2279

TO BE ANSWERED ON THE 28TH JULY, 2017 (FRIDAYY SHRAVANA 6, 1939 (SAKA)

## Thefts in Bank Lockers

2279. SHRI MALYADRI SRIRAM: SHRI R GOPALAKRISHNAN:

Will the Minister of FINANCE be pleased to state:

- (a) the details of the role of the banks in providing locker services to the customers;
- (b) whether the Public Sector Banks (PSBs) are not taking responsibility for theft or looting or tampering of bank lockers, if s0, the details thereof and the reasons therefor;
- (c) whether the Reserve Bank of India has issued  instructions to bank that the responsibility of safety for the valuable  things kept in the bank lockers lies with the customers;
- (d) if so, the details thereof and the reasons therefor; and
- (e) the corrective steps takenlbeing taken by the Government in this regard?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI SANTOSH KUMAR GANGWAR)

(a) to (e): Reserve Bank of India (RBI) has informed that there is no specific circular asking banks to compensate customers for theft of  articles from bank lockers. Nevertheless banks have been advised by RBI that it would be the responsibility of the banks to ensure that the lockers remain safe and there is no negligence in the matter of safe guarding the lockers that could render the banks concerned liable to claims by locker holders.

RBI has also informed that banks have been advised to review and strengthen the security arrangement in their branches and ATMs from time to time.

SHRI AJAY MISRA TENI:
Lok Sabha Question No. 2278 (UNSTARRED), answered on 2017-07-28
Subject: Mother to Baby Transmission of HIV
Ministry: HEALTH AND FAMILY WELFARE
Asked by: JAGDAMBIKA PAL

## GOVERNMENT OF INDIA MINISTRY OF HEALTH AND FAMILY WELFARE DEPARTMENT OF HEALTH AND FAMILY WELFARE

LOK SABHA UNSTARRED QUESTION NO. 2278 TO BE ANSWERED ON 28 TH JULY, 2017

## MOTHER TO BABY TRANS MISSION OF HIV

## 2278. SHRI JAGDAMBIKA PAL:

Will the Minister of HEALTH AND FAMILY WELFARE be pleased to state:

- (a) whether one of the major reason of HIV transmission in the country is through mother to baby transmission;
- (b) if so, the details thereof and the estimated State/UT - wise number of such cases in the country during each of the last three years and the current year;
- (c) whether there is a gap between HIV/AIDS infected children and such infected children who are getting treatment;
- (d) if so, the details thereof and the reasons refor; and
- (e) the details of corrective steps taken/proposed to be taken by the Government in this regard?

## ANSWER THE MINISTER OF STATE IN THE MINISTRY OF HEALTH AND FAMILY WELFARE (SMT. ANUPRIYA PATEL )

- (a) :No, the HIV transmission through parent to child transmission of HIV is only 4.8% (2016 - 17).
- (b): Does not arise.
- (c): Yes, there is a gap between HIV/AIDS infected children and such children who are treatment.
- (d): As on June 2017, 82,316 children with HIV are in care at Anti retrovi ral trea ment centers, out of which 62,585 are receiving treatment.

The major reason for the gap is that the children were not eligible for initiation since the guidelines until May 2017 stipulated that treatment could be given to only pat ents having CD4 count of less than 500.

- (e): Government has now adopted Treat All policy for all people living with HIV AIDS. No such people including children are initiated on treatment regardless of CD4 count.
Lok Sabha Question No. 2271 (UNSTARRED), answered on 2017-07-28
Subject: Municipal Bonds
Ministry: FINANCE
Asked by: HARI BABU KAMBHAMPATI

## Government of India Ministry of Finance Department of Economic Affairs

## LOK SABHA

## UNSTARRED QUESTION No. 2271

## TO BE ANSWERED ON FRIDAY, JULY 28, 2017/SHRAVANA 6, 1939 (SAKA)

## MUNICIPAL BONDS

## 2271. DR. KAMBHAMPATI HARIBABU

## Will the Minister of FINANCE be pleased to state:

- a)  whether  the  Government  has  any  regulations  in  place  with  regards  to  Municipal Bonds;
- b)  if so, the details thereof, if not, the reasons therefor; and
- c)  the steps taken by the Government in this regard?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI ARJUN RAM MEGHWAL)

(a)  &  (b)  : Yes Madam. In July, 2015, Securities and Exchange Board of India (SEBI) notified a regulatory framework 'SEBI (Issue and Listing of Debt Securities by Municipalities) Regulations, 2015' for issuing municipal bonds in India. These regulations allow municipal bodies or a corporate municipal entity (a body corporate registered under the Companies Act and a subsidiary of the municipality formed for the purpose of raising funds)  to  issue  municipal  bonds  through  private  placement  or  public  issue.  These Regulations inter-alia provide a framework governing the issuance and listing of bonds by Municipalities  and  will  enable  the  investors  to  make  an  informed  investment  decision before investing in these bonds. These regulations also provide for disclosure requirements to be made by the prospective issuers.

- (c): Does not arise.

*********