Puri releases guidelines for ranking cities based on financial performance

Union Minister of Housing and Urban Affairs Hardeep Singh Puri released on Wednesday draft guidelines for a new ranking system of cities based on financial performance and beautification.

"India has embarked on the most ambitious plan for urban rejuvenation undertaken anywhere in the world. A healthy sense of competition gives the best performing cities a sense of pride," he said at the launch event.

City Finance Rankings 2022 aim to evaluate, recognise and reward urban local bodies (ULBs) on the basis of their strength across three financial parameters -- resource mobilisation, expenditure performance and fiscal governance systems.

According to Manoj Joshi, Secretary of the Ministry of Housing and Urban Affairs, it is also 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, and hence a good quality of life to its citizens.

"The city finance ..