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Pune Bitcoin Pune, IN 65 Bitcoinersdapat bitcoin mudahPune raises Rs 200 cr in first municipal bond issue in 14 years The proceeds, raised at a coupon of 7.59%, will be used for a Rs 2,300-cr water project Press Trust of India  | Mumbai June 19, 2017 Last Updated at 21:47 IST ALSO READ Bankers squabble over municipal bond mandates BJP will win Delhi civic polls, AAP will be second: Survey IDBI privatisation back on govt agenda BJP races towards victory in Pune Municipal Corporation election MCD Elections 2017 LIVE: 39% polling till 4 pm, Kejriwal cries foul on EVMs The Pune Municipal Corporation (PMC) today raised Rs 200 crore by selling 10-year bonds, becoming the first civic body to tap money from this route in 14 years.bitcoin chat protocolProceeds from the issue, raised at a coupon of 7.59 per cent and oversubscribed six times, will be used for a Rs 2,300-crore water project.bitcoin market cap litecoin

"We will be raising money in a staggered way over the next five years as per the payment schedule for the project," Kunal Kumar, the civic commissioner, told reporters here.bitcoin bounty hunterHe said the municipal body will be preparing a case study based on its experience and sharing it with other urban bodies to help them raise money from the bond markets which is being increasingly pushed by policymakers now.bitcoin oil cooling"New era dawns in Municipal Finance.litecoin asic priceHistory created by Pune Municipal Corporation by launching India's largest municipal bond program," Union Minister M Venkaiah Naidu tweeted.bitcoin center manhattanThe body was rated 'AA+' by credit rating agencies due to its strong finances.bitcoin is a disruptive technology

Kumar said it has been able to increase property tax collections by 50 per cent in the last two years, with over 50 per cent of the payments happening online at present.bitcoin poker sealsThe corporation has also set out on a water tarriff hikes programme, he said, conceding that it will take up to seven years for the water charges to cover the repayments.For the comfort of investors in the bond programme which did not have any guarantee from the state government, an escrow account has been created to deposit the funds.The commissioner said the corporation was assisted by the US Department of Treasury to create a debt policy.Kumar said HUDCO was offering money at 9.7 per cent, while Asian Development Bank and World Bank had also evinced interest to fund, but there were currency risks associated.The bond programme saw interest by 21 long-term investors, including banks, insurance companies and pension funds, Ashwani Bhatia, the president and COO of SBI Capital Markets, the sole I-banker told reporters.

He said municipal bodies can raise money if they were responsible in managing their finances and added that there should be another issue in the fortnight either by Ahmedabad or New Delhi civic bodies.The bonds will be listed on BSE and there will be a listing ceremony at the bourse on Thursday.The scheme aims to provide water across the clock for all the citizens of Maharashtra's second biggest city.Rs 300 crore will be invested for a reservoir, Rs 700 crore for putting meters and Rs 1,800 crore for getting the distribution network.PREVIOUS STORY NEXT STORY Cover from Earthquake & Floods.Buy Home InsuranceCalculate Your Premium in Seconds and Buy Health Insurance TodayThe new Tiguan let the adventure begin.Join Indian Navy An Ocean of Opportunities.Click hereCover from Natural Calamities.Welcome to BTCXIndia, India's first crypto token marketplace.Sign up now to buy/sell crypto tokens for INR.XRP/INR  20.8 Create an account LoginThere are very few those who do Bitcoin Mining in India as it is not feasible to do it here.

Let me write down few things which are the main reason why not to do it.The electricity cost is higher.Internet connectivity issues, India has a weak network of internet protocol.So you may have internet packets drops once or twice a week.90% of India has hot weather, so you need air conditioning to keep your mining hardware cool.Another costSo all together when you actually calculate the investment and output, it is not feasible to mine in India.If still you want to start, you can buy Ant Miners from Amazon USA, and set up your own mining.Probably in colder region of India.Successful mines are based in IceLand, China etc .. in their colder snow regions and are generating free electricity using solar energy.These kind of things are very costly if you do it in India.ThanksThe Answer is NO.Having Bitcoin mining set up in India is Not a profitable idea at all .Probably untill 2013 it did worked well .But since the diffulty level of mining increase every four year and so is the outout per 10 minutes.however i do know of a Indian company now having set up in China and being featured on blockchaininfo with almost 5% share of global output .going with the mining contract with them is more profitable than investing our own capital and taking all hassle.calll for more info 9820494933No.No Indian company mining bitcoin in India due to high cost but a company named GBMINER which is created by an India is mining almost 7% of bitcoins.The same company is offering mining pool contracts (with name of GAINBITCOIN) with assured returns of 10% per months for 18 month.