As key contributors to national economic growth, Indian cities face challenges in governance due to unfulfilled promises of devolving power...

Karnataka Chief Minister DK Shivakumar has kept the Finance portfolio. Madhu Bangarappa and Basavaraj Rayareddy received education ministri...

The Centre is developing Public Financial Management System 2.0 to enhance the accountability and transparency of fund usage by local bodie...

The Reserve Bank of India (RBI) suggests that municipal corporations in India need to enhance their revenue sources. The RBI recommends ref...

"Municipal finances is next on the reform agenda and bringing it to TSA will help in transparency in utilisation of funds," a senior offici...

The finance minister may announce a new five-year mission and create a competition fund to incentivise urban reforms. States will be able t...

To be sure, the size of municipal budgets in India are much smaller than peers in other countries, while revenues are dominated by property...

A strong fiscal position of local bodies could help them tackle future crisis successfully and also manage higher vaccinations, RBI said in...

The 15th Finance Commission may recommend up to 2 lakh crore in fund allocation over the next five years to municipalities across the count...

This should significantly improve the financial health of those local bodies, many of them aiming to raise bonds. Asia’s richest civic body...

While 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...

The 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 seeks PMO support on tax-free status for bonds as finmin says it would lead to revenue loss of Rs 180 crore per ...

How much each state gets would depend on how they perform not only in their corporations but as a comparative to other states.

The Cabinet accepted the formula worked out by the Urban Development Department (UDD) for allocation of the MRF share among the three corpo...

Indian cities need many things, including a thriving munibond market.

The Bard’s surmise still arguably holds true, more or less. Though, these days, up-to-date amenities, infrastructure and public services ca...