Question

study of procedure of Issue of shares and debentures, Aim and objectives​

Answer 1

Answer:

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Explanation:

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Answer 2

Explanation:

Aims & Objectives of the Organisation:

1.1 Odisha’s consistent economic performance is expected to hasten the pace of urbanization, creating

unprecedented demand for urban amenities and services. At the same time, the improving fiscal situation

provides the State Government with an unique opportunity to create an urban financing institutional framework to

support this urbanization in a planned manner. The increase in Budgetary Outlays for Urban Sector and visible

reforms reaffirms Government to address urbanization in a planned manner. Thus, there is a need for a nodal

urban financing framework.

1.2 However, a number of constraints have impeded structured and systematic development and financing of urban

infrastructure. Traditionally, Municipal finances have been weak; capital investments have largely been

dependent on GoO’s Budgetary Outlays / Grants. Debt financing has been limited to State supported Projects.

Weak financial and operational capacity at local levels have further constrained conceptualization, development,

financing and implementation of urban infrastructure projects. The imperatives that emerge from the prevailing

urban context in Odisha include.

 Wider reform and capacity building to facilitate greater Government devolution and revenue buoyancy at

ULB level.

 Focused Project Development, to translate macro-level investment requirements into well-structured

Projects to deliver citizen level impact and benefits.

 Effective leverage and access to external financing, including private capital, to address capital

investment requirements through well-structured Projects in a time-bound manner.