Chandigarh, Jan. 1 -- The Chandigarh municipal corporation (MC), which was facing acute financial crunch in the previous financial year, has managed to improve its financial health this year by curtailing expenditure and increasing revenue through a number of steps, said MC commissioner Amit Kumar during the MC General House meeting on Tuesday.

The commissioner was giving a detailed presentation in this regard to the Punjab governor and UT administrator Gulab Chand Kataria on Tuesday. MC commissioner highlighted how the MC saved Rs.50.05 crore through various cost-cutting and restructuring measures.

In his presentation, the commissioner highlighted that due to financial pressure during the previous financial year, the MC had to temporar...