Goa has become the sixth State in the country to successfully undertake Urban Local Bodies reforms stipulated by the Department of Expenditure. Finance Ministry said, the state has now become eligible to mobilise additional financial resources of 223 crore rupees through Open Market Borrowings. Permission for the same was issued by the Department of Expenditure.

Goa has joined five other states viz. Andhra Pradesh, Madhya Pradesh, Manipur, Rajasthan and Telangana, who have completed Urban Local Bodies reforms. The Ministry said, these five states have been granted a total additional borrowing permission of ten thousand 435 crore rupees.

Reforms in Urban Local Bodies and the urban utilities reforms are aimed at financial strengthening of Urban Local Bodies in the States and to enable them to provide better public health and sanitation services to citizens.  Economically rejuvenated ULBs will also be able to create good civic infrastructure.

Till now, 17 States have carried out at least one of the four stipulated reforms and have been granted reform linked borrowing permissions. Out of these, 13 States have implemented the one nation one ration card system, 12 States have done ease of doing business reforms, 6 States have done local body reforms and 2 States have undertaken power sector reforms. Total reform linked additional borrowing permission issued so far to the States stands at Rs.­­­ 76,512 crore.

India to witness average salary increase of 6.4 percent in 2021: Survey

Indian Railways rolls out AC 3-tier economy class coach

P. Chidambaram targets Central government over Indian economy