The Ministry of Housing and Urban Affairs on December 28 launched 2 key initiatives to take India’s Urban Rejuvenation journey to next level. These initatives are; City Finance Rankings and City Beauty Competition.
City Finance Rankings, 2022
- The ‘City Finance Rankings, 2022’ 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.
- The rankings aim to motivate city/state officials and decision makers, to implement municipal finance reforms.
- 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.
- 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.
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.
