New Delhi: ‘City Finance Rankings 2022’ aims to evaluate, recognize and reward ULBs on the basis of their strength across three financial parameters viz. resource mobilization, expenditure performance and fiscal governance systems.”, said Hardeep S. Puri, Union Minister . He was speaking at an event of Ministry of Housing & Urban Affairs, where two key initiatives of Ministry- ‘City Finance Rankings, 2022’ and ‘City Beauty Competition’- were launched.
The Minister said that in May, 2014, when Prime Minister Narendra Modi assumed the office, he decided to view the Urbanisation. He embraced urbanisation as a challenge and made it win. Flagship schemes such as Swachh Bharat Mission where the project of the government ended up being a Jan Andolan, Pradhan Mantri Awas Yojana and SBM 2.0 have been launched.
“India has embarked on most ambitious plan of urban rejuvenation undertaken anywhere across in the world,” he further added.
Growing realisation among local bodies that if you have healthy finances, if your procedures are transparent then the land value goes up and that is the beauty of this venture which is being launched, he said.
Talking about ‘City Beauty Competition’ initiative, the Minister said that this has been launched to encourage and recognize the transformational efforts made by the cities and wards in India towards creating beautiful, innovative and inclusive public spaces.
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.