The Centre launched City Finance Rankings 2022 and City Beauty Competition aimed at incentivising urban local bodies for improving cities’ public infrastructure and strengthening them on basis of key financial parameters.

What is City Finance Rankings?

• It aims to evaluate, recognise, and reward urban local bodies on the basis of their strength across key financial parameters.
• City Finance Rankings aim to motivate city and state officials and decision makers, to implement municipal finance reforms.
• The participating urban local bodies will be evaluated on 15 indicators across three key municipal finance assessment parameters like resource mobilisation, expenditure performance, and fiscal governance.
• The cities will be ranked at the national level on the basis of their scores under any one of the following four population categories:

1. Above 40 lakh
2. Between 10-40 lakh
3. 1 lakh to 10 lakh and
4. Less than one lakh

• The top three cities in each population category will be recognised and rewarded at the national level as well as within each state and state cluster

About City Beauty Competition

• Wards and public places of cities would be judged against the five broad pillars (i) accessibility (ii) amenities (iii) activities (iv) aesthetics and (v) ecology.
• It would felicitate most beautiful wards and beautiful public places at the city level.
• It aims to encourage and recognise the transformational efforts made by cities and wards in India to create beautiful, innovative and inclusive public spaces

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