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MUNICIPAL FINANCE REFORMS
Nirmala Sitharaman pitches for public, private capital to build financially sustainable citiesFinance Minister Nirmala Sitharaman highlighted the importance of creating sustainably investable cities in India. She proposed a combinati...- India within striking distance of 8% GDP growth, resilience not accidental: Shaktikanta DasWith an ambitious target of 8% GDP growth, India aims for Viksit Bharat by the year 2047 through innovative reforms. The government is dedi...
- A country without evenings: Cuba's blackouts pass 24 hours as Washington targets the firm that keeps its power plants runningThe United States has imposed new sanctions on Cuba, targeting key energy import companies. These measures aim to worsen the island's ongoi...
- The road less paved: India’s cities have a governance problemAs key contributors to national economic growth, Indian cities face challenges in governance due to unfulfilled promises of devolving power...
- Karnataka cabinet reshuffle: DK Shivakumar retains Finance, check full list of ministers hereKarnataka Chief Minister DK Shivakumar has kept the Finance portfolio. Madhu Bangarappa and Basavaraj Rayareddy received education ministri...
- Plans afoot to add local bodies to TSA mechanism by FY27The Centre is developing Public Financial Management System 2.0 to enhance the accountability and transparency of fund usage by local bodie...
- Municipal corporations need to enhance own sources of revenue: RBI reportThe Reserve Bank of India (RBI) suggests that municipal corporations in India need to enhance their revenue sources. The RBI recommends ref...
- Centre may bring municipal bodies under TSA for effective funds use"Municipal finances is next on the reform agenda and bringing it to TSA will help in transparency in utilisation of funds," a senior offici...
- Urban governance reforms likely to receive push in Union BudgetThe finance minister may announce a new five-year mission and create a competition fund to incentivise urban reforms. States will be able t...
- Civic bodies need vibrant muni bond mkt to raise funds: RBITo be sure, the size of municipal budgets in India are much smaller than peers in other countries, while revenues are dominated by property...
- RBI calls for more financial autonomy for the municipalitiesA strong fiscal position of local bodies could help them tackle future crisis successfully and also manage higher vaccinations, RBI said in...
- Hike in support to civic bodies to boost appeal of municipal bondsThe 15th Finance Commission may recommend up to 2 lakh crore in fund allocation over the next five years to municipalities across the count...
- Budget 2021: Municipalities may obtain up to Rs 2 lakh cr Centre fundingThis should significantly improve the financial health of those local bodies, many of them aiming to raise bonds. Asia’s richest civic body...
- Centre grants Rs 4,898 crore of reform-linked additional borrowing limit to Andhra and MPWhile AP received permission to mobilise Rs 2,525 cr through market borrowings, MP can raise an additional Rs 2,373 cr, according to a fina...
- Centre to dole out Rs 10,000 crore incentive for municipal reformsThe Centre will dole out the biggest ever incentive of Rs 10,000 crore to municipalities and states in the next two years to push urban ref...
- Urban development ministry moves PMO to make Municipal bonds tax-freeUrban development ministry seeks PMO support on tax-free status for bonds as finmin says it would lead to revenue loss of Rs 180 crore per ...
- 'Challenge Fund' to push states for urban reformsHow much each state gets would depend on how they perform not only in their corporations but as a comparative to other states.
- AAP government approves Rs 374 crore for three MCDsThe Cabinet accepted the formula worked out by the Urban Development Department (UDD) for allocation of the MRF share among the three corpo...
- Urban jungleIndian cities need many things, including a thriving munibond market.
- Impoverished, cities are on prowlThe Bard’s surmise still arguably holds true, more or less. Though, these days, up-to-date amenities, infrastructure and public services ca...
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