Telangana completes urban local bodies reforms; gets nod for Rs 2,508 cr additional borrowings
SECTIONS
Last Updated: Jan 07, 2021, 07:41 PM IST
Share
Synopsis
The permission for mobilising additional financial resources of Rs 2,508 crore through Open Market Borrowings was issued by Department of Expenditure under Ministry of Finance on Thursday.
Agencies
Total additional borrowing permission issued so far to the states that have done the refoms stands at Rs 54,190 crore, as per the statement.
The government granted additional borrowing permission of Rs 2,508 crore to Telangana for completing the urban local body (ULB) reforms, a finance ministry statement said on Thursday.
This makes Telangana the third state after Andhra Pradesh and Madhya Pradesh to achieve the ULB reforms, taking the total additional borrowing granted to them to Rs 7,406 crore.
Telangana 3rd state to complete urban local bodies reforms
By IANS |
Published on
Thu, Jan 7 2021 17:42 IST |
0 Views
Telangana 3rd state to complete urban local bodies reforms (File Photo: IANS). Image Source: IANS News
New Delhi, Jan 7 : Telangana has become the third state in the country to successfully undertake Urban Local Bodies (ULB) reforms stipulated by the Union Finance Ministry, making the state eligible to mobilise additional financial resources of Rs 2,508 crore through Open Market Borrowings.
With this, Telangana has now joined the two other states - Andhra Pradesh and Madhya Pradesh - who have completed these reforms. On completion of urban local bodies reforms, these three states have been granted additional borrowing permission of Rs 7,406 crore.
Toggle navigation
Total additional borrowing permission issued to states which have done the reforms stands at Rs 54,190 crore
Telangana gets additional borrowing permission of Rs 2,508 crore ANI | Updated: Jan 07, 2021 16:51 IST
Telangana has now joined Andhra Pradesh and Madhya Pradesh which have completed this reform, according to an official statement issued on Thursday.
On completion of urban local bodies reform, these three states have been granted additional borrowing permission of Rs 7,406 crore.
Reforms in urban local bodies (ULBs) and urban utility reforms are aimed at the financial strenghtening of ULBs in the state and to enable them to provide better public health and sanitation services.
Highlights
The reforms stipulated in this category include completion of the first assessment of ‘District Level Business Reform Action Plan’
Elimination of the requirements of renewal of registration certificates/approvals/ licences obtained by businesses under various Acts
Implementation of computerized central random inspection system under the Acts wherein allocation of inspectors is done centrally
New Delhi: Odisha has become the 7th state in India to successfully undertake the Ease of Doing Business reform stipulated by the Ministry of Finance. The state is now eligible to mobilise additional financial resources of Rs 1,429 crores through Open Market Borrowings, according to a Finance Ministry statement on Wednesday (December 30).
Rajasthan has now joined the five other states namely, Andhra Pradesh, Karnataka, Madhya Pradesh, Tamil Nadu and Telangana, which have completed the reform facilitating ease of doing business to be eligible for additional borrowing. These six states have been granted additional borrowing permission of Rs 19,459 crore.