Housing Minister Launches Tips On Cities Rankings On Finance, Magnificence For City Rejuvenation
Edited By: Mohammad Haris
Final Up to date: December 28, 2022, 17:23 IST
Union minister Hardeep Singh Puri (File Picture: Reuters)
A wholesome sense of competitors provides the perfect performing cities a way of delight, says Union Minister Hardeep Singh Puri
Union Housing and City Affairs Minister Hardeep Singh Puri on Wednesday launched draft tips for a brand new rating system of cities primarily based on monetary efficiency, ‘Metropolis Finance Rankings’, and beautification, ‘Metropolis Magnificence Competitors’, to analyse and assist city native our bodies (ULBs) establish areas for enchancment.
‘Metropolis Finance Rankings 2022′ goals to guage, recognise and reward ULBs on the idea of their energy throughout three monetary parameters — useful resource mobilisation, expenditure efficiency and monetary governance techniques,’ Puri mentioned.
He was talking at an occasion of Ministry of Housing & City Affairs, the place two key initiatives of Ministry — ‘Metropolis Finance Rankings, 2022’ and ‘Metropolis Magnificence Competitors’ — have been launched.”
Puri mentioned the Metropolis Magnificence Competitors initiative has been launched to encourage and recognise the transformational efforts made by the cities and wards in India in direction of creating lovely, progressive and inclusive public areas.
“India has launched into probably the most formidable plan for city rejuvenation undertaken wherever on this planet. A wholesome sense of competitors provides the perfect performing cities a way of delight,” he mentioned on the launch occasion.
Manoj Joshi, secretary of the Ministry of Housing and City Affairs, mentioned it’s also an effort to analyse and assist the ULBs in figuring out areas of their monetary efficiency the place they will make additional enhancements, to have the ability to ship high quality infrastructure and providers, and therefore high quality of life to its residents.
“Town finance rankings will consider and assess every collaborating ULB on 15 indicators and metrics throughout three key municipal finance standards which, put collectively, will assist in figuring out probably the most financially sustainable and accountable cities,” he mentioned.
“Strong funds of ULBs are essential for realising the imaginative and prescient of ULBs as a viable third tier of presidency and capitalising on the potential that cities characterize for progress and growth. At the moment, municipal revenues in India are lower than one per cent of the GDP, with excessive dependence on inter-governmental transfers, and personal revenues accounting for lower than half the entire income of ULBs,” Joshi mentioned.
He added that that is mirrored within the continual deficits that ULBs run and, additionally amongst different issues, of their incapability to fund infrastructural demand and even meet the operation and upkeep (O&M) necessities.
The ‘Metropolis Magnificence Competitors’ has been conceived and designed as a platform to guage, recognise and reward wards and public areas in cities throughout 5 broad pillars — aesthetics, accessibility, facilities, actions and ecology.
“It goals to encourage cities to preserve their wealthy conventional heritage, streamline their supply mechanisms for environment friendly provisioning of primary infrastructure, develop group participation, imbibe the tenets of ecological conservation, and promote native economic system,” the secretary mentioned.
The competitors would felicitate most lovely wards, each on the metropolis and state ranges, whereas cities could be awarded for his or her most lovely public locations, waterfronts, inexperienced areas, vacationer and heritage areas and market and industrial locations.
The cities have till January 15 to submit their feedback earlier than the rules are finalised and issued by January 30.
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