New Delhi, Dec. 3 -- Uttar Pradesh Chief Minister Yogi Adityanath said Ghaziabad will be the next local body in the state for raising money through the issuance of municipal bonds.

Lucknow has become the first city in Uttar Pradesh and seventh nationally to raise money through this route. The Chief Minister was speaking at the listing ceremony of Lucknow Municipal Corporation (LMC) bonds. LMC had raised Rs 200 crore through the bond issue last month.

Adityanath called the listing a historic moment and added that other cities including Ghaziabad, Agra, Kanpur, Prayagraj and Varanasi will be using this route for raising resources. Adityanath said raising resources through the bond issue improves the accounting practices and other systems ...