City Finance Rankings 2022

City Finance Rankings 2022

Subject :Government Schemes

Concept:

Aim:

• To evaluate, recognize and reward India’s cities (Urban Local Bodies or ULBs) on the basis of the quality of their current financial health and improvement over time in financial performance.
• to motivate city/state officials and decision makers, to implement municipal finance reforms.

Indicators: The participating ULBs will be evaluated on 15 indicators across three key municipal finance assessment parameters, namely: (i) Resource Mobilization, (ii) Expenditure Performance and (iii) Fiscal Governance.

Rankings: The cities will be ranked at the national level on the basis of their scores under any one of the following four population categories: (i) Above 4 million (ii) Between 1-4 million (iii) 100K to 1 million (iv) Less than 100,000. The top 3 cities in each population category will be recognized and rewarded at the national level as well as within each state/state cluster.

Purpose:

• City Finance Rankings are an effort to analyse and help the ULBs in identifying areas in their financial performance where they can make further improvements, to be able to deliver quality infrastructure and services to its citizens.
• The rankings will serve as a constant motivation for city/state officials to continue to implement municipal finance reform
• At a state- and national-level, the rankings will highlight the outcomes achieved by municipalities and provide critical insights to key policy makers into the state of finances of urban local bodies.
• ULBs can benefit immensely by participating in the fiscal rankings as they will be able to self-evaluate their own performance vis-à-vis other cities, which can help them in self-improvement in future.
• All 4500+ cities / urban local bodies (ULBs) across all states/UTs would be encouraged to participate in the City Finance Rankings 2022.
• ‘City Finance Rankings, 2022’ would create a conducive environment for developing a robust municipal finance ecosystem for promoting financially healthy, transparent and sustainable cities.

Other initiative by MoHUA: ‘City Beauty Competition’:

• The ‘City Beauty Competition’ aims to encourage and recognize the transformational efforts made by cities and wards in India to create beautiful, innovative and inclusive public spaces.
• Wards and public places of cities would be judged against the five broad pillars (i) accessibility (ii) amenities (iii) activities (iv) aesthetics and (v) ecology.
• The City Beauty Competition would felicitate most beautiful wards and beautiful public places at the city level. While selected wards would be felicitated at the city and State levels, at the City level, most beautiful public places in cities viz. Waterfronts, Green spaces, tourist/heritage spaces and market/commercial places would be awarded first at the State and then shortlisted for award at the National level.