Telangana becomes 3rd state to complete urban local bodies reform
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Telangana has become the third state in the country to successfully undertake 'Urban Local Bodies (ULB)' reform stipulated by the Department of Expenditure, the Ministry of Finance said on Thursday. The state has become eligible to mobilise additional financial resources of Rs 2,508 crores through open market borrowings. Permission for the same was issued by the Department of Expenditure on January 7, 2021.