Bengaluru, March 7 -- The chief minister on Friday announced that the five city corporations under the Greater Bengaluru Authority (GBA) will be allowed to raise funds for infrastructure projects through municipal bonds.

While presenting the 2026-27 state budget, Siddaramaiah said corporations would mobilise resources based on their financial capacity. Although the budget listed several infrastructure measures for the state capital, most relate to projects already underway or expansions of existing programmes rather than entirely new initiatives.

The chief minister noted that financial support for the city had increased significantly in the previous financial year. "In the year 2025-26, the state government increased the grant for devel...