Daily Current Affairs Article 14th January 2021: Manipur has become the 4th state in the country to successfully undertake Urban Local Bodies, ULB reforms stipulated by the Department of Expenditure, Ministry of Finance.
The state has become eligible to mobilise additional financial resources of 75 crore rupees through Open Market Borrowings.
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Manipur has now joined the three other States namely, Andhra Pradesh, Madhya Pradesh and Telangana, who have completed this reform.
Reforms in the Urban Local Bodies and the urban utilities reforms are aimed at financial strengthening of ULBs in the States and to enable them to provide better public health and sanitation services.
Economically rejuvenated ULBs will also be able to create good civic infrastructure.
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