Centre allows Andhra Pradesh, Madhya Pradesh to borrow Rs 4,898 cr extra post ULB reforms ...Middle East

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.

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