https://www.taxtmi.com/news?id=23538 Manipur has completed the Urban Local Bodies reforms required by the Department of Expenditure and received permission to mobilise additional funds via Open Market Borrowings. The reforms mandate notification of floor rates for property tax and user charges for water, drainage and sewerage reflecting costs and inflation, and a system for periodic increases in those floor rates. Completion of these reforms qualifies the State for additional borrowing linked to the conditional enhancement announced in May 2020. en-us Tue, 12 Jan 2021 12:42:32 +0530 Tue, 12 Jan 2021 12:42:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23538 Manipur has completed the Urban Local Bodies reforms required by the Department of Expenditure and received permission to mobilise additional funds via Open Market Borrowings. The reforms mandate notification of floor rates for property tax and user charges for water, drainage and sewerage reflecting costs and inflation, and a system for periodic increases in those floor rates. Completion of these reforms qualifies the State for additional borrowing linked to the conditional enhancement announced in May 2020. News - Tue, 12 Jan 2021 12:42:32 +0530 https://www.taxtmi.com/news?id=23538