Centre allows Andhra Pradesh, Madhya Pradesh to borrow Rs 4,898 crore extra post ULB reforms
The two states have successfully completed the set of reforms required in the functioning of ULBs, as specified by the Department of Expenditure. PTI
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The Centre has permitted two states Andhra Pradesh and Madhya Pradesh to borrow additional financial resources to the tune of Rs 4,898 crore following reforms in urban local bodies (ULBs), the Finance Ministry said on Wednesday.
The two states have successfully completed the set of reforms required in the functioning of ULBs, as specified by the Department of Expenditure.
Urban bodies reform: AP, MP get nod to borrow additional Rs 4,898 crore
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AP, MP takes lead in undertaking Urban Local Bodies reforms
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Centre allows Andhra Pradesh, Madhya Pradesh to borrow Rs 4,898 cr extra post ULB reforms
NEW DELHI : The Centre has permitted two states Andhra Pradesh and Madhya Pradesh to borrow additional financial resources to the tune of Rs 4,898 crore following reforms in urban local bodies (ULBs), the Finance Ministry said on Wednesday.
The two states have successfully completed the set of reforms required in the functioning of ULBs, as specified by the Department of Expenditure.
“Andhra Pradesh and Madhya Pradesh have been granted permission to mobilise additional financial resources to the tune of Rs 4,898 crore through open market borrowings.
“Out of these, Andhra Pradesh has received permission of Rs 2,525 crore, while Madhya Pradesh has been permitted to mobilize additional Rs 2,373 crore,” the Ministry said in a statement.
Centre allows AP, M.P. to borrow ₹4,898 cr extra post ULB reforms
PTI
New Delhi |
Updated on
December 23, 2020
× The Centre has permitted two States Andhra Pradesh and Madhya Pradesh to borrow additional financial resources to the tune of ₹4,898 crore following reforms they implement in their urban local bodies (ULBs), the Finance Ministry said on Wednesday. Both the States have completed the set of reforms required in the functioning of ULBs, as specified by the Department of Expenditure.
“Andhra Pradesh and Madhya Pradesh have been granted permission to mobilise additional financial resources to the tune of ₹4,898 crore through open market borrowings.