The estimated contribution of urban area to India’s GDP is approximately 70-75%. Despite the enormous economic contribution, the current state of urban infrastructure is in poor condition. It is estimated that by 2030, an additional $1.2 trillion would be required to provide basic urban services. In this presentation, an attempt has been made to find out the ways to mobilize such a goliath financial requirement. The target audience of this presentation are inter alia urban development and finance professionals, city managers and general public.
Urban finance for local groups for the Sustainable Development Goals (SDGs)IIED
David Satterthwaite, Senior fellow at IIED introduced the urban finance for local groups session at the Money where it matters (MWIM) event.
The presentation was made at the event-Money where it matters, held in London from 7-8 December 2016.
The purpose of the Money Where It Matters event was to reflect on our insights and explore further how financing mechanisms can more effectively channel resources to the local level and identify opportunities to increase flows of finance to the local level in new contexts for development assistance and national investment. It also agreed on outstanding questions that require further research on finance for and with local actors to achieve the effective use and management of funds to deliver climate resilient sustainable development.
More details: https://www.iied.org/promoting-local-access-development-climate-finance
The estimated contribution of urban area to India’s GDP is approximately 70-75%. Despite the enormous economic contribution, the current state of urban infrastructure is in poor condition. It is estimated that by 2030, an additional $1.2 trillion would be required to provide basic urban services. In this presentation, an attempt has been made to find out the ways to mobilize such a huge financial requirement. The target audience of this presentation includes inter alia urban development and finance professionals, city managers and the general public.
Affordable Housing, Slum Redevelopment In Cities of IndiaRavikant Joshi
This PPT delivered to Scholars of Indian School of Public Policy discusses status and issues associated with affordable housing, slum upgradation, slum redevelopment in cities of India
National Policies & Programs for Slum Upgrading in India: Bridging the Gap between Policy & Practices - Rajiv Ranjan Mishra - Third Expert Meeting of the Regional Slum Upgrading Working Group (RSUWG) - 29th. of November to the 1st. of December 2015 in Laleh International Hotel, Tehran, I.R. of Iran
Integrating Informal Settlements in Urban Centers, 14-16 December 2016, India -
6th Asian Pacific Ministerial Confernce on Housing and Urban Development
Urban finance for local groups for the Sustainable Development Goals (SDGs)IIED
David Satterthwaite, Senior fellow at IIED introduced the urban finance for local groups session at the Money where it matters (MWIM) event.
The presentation was made at the event-Money where it matters, held in London from 7-8 December 2016.
The purpose of the Money Where It Matters event was to reflect on our insights and explore further how financing mechanisms can more effectively channel resources to the local level and identify opportunities to increase flows of finance to the local level in new contexts for development assistance and national investment. It also agreed on outstanding questions that require further research on finance for and with local actors to achieve the effective use and management of funds to deliver climate resilient sustainable development.
More details: https://www.iied.org/promoting-local-access-development-climate-finance
The estimated contribution of urban area to India’s GDP is approximately 70-75%. Despite the enormous economic contribution, the current state of urban infrastructure is in poor condition. It is estimated that by 2030, an additional $1.2 trillion would be required to provide basic urban services. In this presentation, an attempt has been made to find out the ways to mobilize such a huge financial requirement. The target audience of this presentation includes inter alia urban development and finance professionals, city managers and the general public.
Affordable Housing, Slum Redevelopment In Cities of IndiaRavikant Joshi
This PPT delivered to Scholars of Indian School of Public Policy discusses status and issues associated with affordable housing, slum upgradation, slum redevelopment in cities of India
National Policies & Programs for Slum Upgrading in India: Bridging the Gap between Policy & Practices - Rajiv Ranjan Mishra - Third Expert Meeting of the Regional Slum Upgrading Working Group (RSUWG) - 29th. of November to the 1st. of December 2015 in Laleh International Hotel, Tehran, I.R. of Iran
Integrating Informal Settlements in Urban Centers, 14-16 December 2016, India -
6th Asian Pacific Ministerial Confernce on Housing and Urban Development
National Slum Development Program (NSDP) Sumit Ranjan
National Slum Development Program (NSDP)
Housing, 8th sem, B. Arch.
amount, beneficiaries, constraints and recommendations, discription, drawbacks, facilities, financial, funding, government, housing, introduction, managerial, nature, objectives, slums, technical
Supporting Rural Entrepreneurship Through Collaborationnado-web
Rural areas boast great innovation and creativity, but sometimes lack knowledge about available resources or a robust, well-coordinated ecosystem of support organizations to enable entrepreneurs to build businesses to their potential. During this session, hear about one region’s experience using the Strategic Doing process to pivot economic development strategies during the pandemic to support the digital economy and entrepreneurship. Further, learn how regions can leverage community resources more effectively by building collaboration to support entrepreneurs.
Best Practices in community engagement in slum rehabilitation in India - Rajiv Ranjan Mishra - Third Expert Meeting of the Regional Slum Upgrading Working Group (RSUWG) - 29th. of November to the 1st. of December 2015 in Laleh International Hotel, Tehran, I.R. of Iran
The cultural assets and heritage of Ohio's Appalachian region are strengths that local leaders should strive to capitalize upon. Successful small town redevelopment is dependent upon integrating the arts and historic rehabilitation. During this session, learn how stakeholders in Ohio are working toward building vibrant communities that attract new businesses, new residents, and more visitors.
A presentation from the Iowa Business Growth Company, which helps bring capital to communities that have formerly had inadequate access to capital, and compensates investors for perceived risks of investing in low-income communities. An overview of the various businesses and programs that have been impacted by the company so far.
CNU President and CEO John Norquist joins members of the CNU board for the latest on CNU’s agenda for change in federal laws and practices. Special guests include the Center for Neighborhood Technology's Scott Bernstein — who will describe urbanist opportunities in the HUD and DOT Sustainable Communities partnership, on which he's consulted extensively — and Nick Donohue, Virginia Assistant Secretary of Transportation, who has helped supply Gov. Tim Kaine with the right combination of reform ideas and value propositions to usher in a set of new policies requiring better connected local street networks, identified urban development areas, and coordinated land use and development planning where the state makes transportation investments. The Virginia experience offers lessons for taking similar pro-urban policies to other states and the federal level, including the message that only when transportation design moves beyond an exclusive focus on mobility to consider mobility and proximity together can truly cost-effective and lasting solutions emerge. Moderated by Jacky Grimshaw.
The road to connecting our communities to broadband has been a long and complicated journey. Hear from trailblazers and leaders in the space as they provide a roadmap detailing what has happened, what is to come, and some ways to prepare for the historical investments in broadband in our country. A wide range of topics will be discussed, from best practices to advocacy issues, including the Rural Digital Opportunity Fund, the Broadband provisions of the Infrastructure Investment and Jobs Act, State Broadband Offices, and more.
Unlocking Investment and Finance in Emerging Markets and Developing Economies (EMDEs): A development strategy for unlocking funding for South Africa's water sector.
Financing the 2030 SDGs with Community Development Bonds sola bickerstethSola Bickersteth
Community Development ( CD ) Bonds are proposed to raise finance directly from local citizens through the capital market and to be invested in major infrastructure projects especially those aligned to achieving the SDGs..
The proposed CID Bonds provides for a mechanism for sharing public sector risk with private sector reward as well as a sustainable model for financing community development.
This article sets out the basic framework for issuing Community Development ( CD) Bonds and provides answers to the various components of a successful implementation in Nigeria
Need for Smart Cities, Introduction to Smart Cities, India Smart City Initiative Details, Financing Mechanisms to support implementation & Global Examples
National Slum Development Program (NSDP) Sumit Ranjan
National Slum Development Program (NSDP)
Housing, 8th sem, B. Arch.
amount, beneficiaries, constraints and recommendations, discription, drawbacks, facilities, financial, funding, government, housing, introduction, managerial, nature, objectives, slums, technical
Supporting Rural Entrepreneurship Through Collaborationnado-web
Rural areas boast great innovation and creativity, but sometimes lack knowledge about available resources or a robust, well-coordinated ecosystem of support organizations to enable entrepreneurs to build businesses to their potential. During this session, hear about one region’s experience using the Strategic Doing process to pivot economic development strategies during the pandemic to support the digital economy and entrepreneurship. Further, learn how regions can leverage community resources more effectively by building collaboration to support entrepreneurs.
Best Practices in community engagement in slum rehabilitation in India - Rajiv Ranjan Mishra - Third Expert Meeting of the Regional Slum Upgrading Working Group (RSUWG) - 29th. of November to the 1st. of December 2015 in Laleh International Hotel, Tehran, I.R. of Iran
The cultural assets and heritage of Ohio's Appalachian region are strengths that local leaders should strive to capitalize upon. Successful small town redevelopment is dependent upon integrating the arts and historic rehabilitation. During this session, learn how stakeholders in Ohio are working toward building vibrant communities that attract new businesses, new residents, and more visitors.
A presentation from the Iowa Business Growth Company, which helps bring capital to communities that have formerly had inadequate access to capital, and compensates investors for perceived risks of investing in low-income communities. An overview of the various businesses and programs that have been impacted by the company so far.
CNU President and CEO John Norquist joins members of the CNU board for the latest on CNU’s agenda for change in federal laws and practices. Special guests include the Center for Neighborhood Technology's Scott Bernstein — who will describe urbanist opportunities in the HUD and DOT Sustainable Communities partnership, on which he's consulted extensively — and Nick Donohue, Virginia Assistant Secretary of Transportation, who has helped supply Gov. Tim Kaine with the right combination of reform ideas and value propositions to usher in a set of new policies requiring better connected local street networks, identified urban development areas, and coordinated land use and development planning where the state makes transportation investments. The Virginia experience offers lessons for taking similar pro-urban policies to other states and the federal level, including the message that only when transportation design moves beyond an exclusive focus on mobility to consider mobility and proximity together can truly cost-effective and lasting solutions emerge. Moderated by Jacky Grimshaw.
The road to connecting our communities to broadband has been a long and complicated journey. Hear from trailblazers and leaders in the space as they provide a roadmap detailing what has happened, what is to come, and some ways to prepare for the historical investments in broadband in our country. A wide range of topics will be discussed, from best practices to advocacy issues, including the Rural Digital Opportunity Fund, the Broadband provisions of the Infrastructure Investment and Jobs Act, State Broadband Offices, and more.
Unlocking Investment and Finance in Emerging Markets and Developing Economies (EMDEs): A development strategy for unlocking funding for South Africa's water sector.
Financing the 2030 SDGs with Community Development Bonds sola bickerstethSola Bickersteth
Community Development ( CD ) Bonds are proposed to raise finance directly from local citizens through the capital market and to be invested in major infrastructure projects especially those aligned to achieving the SDGs..
The proposed CID Bonds provides for a mechanism for sharing public sector risk with private sector reward as well as a sustainable model for financing community development.
This article sets out the basic framework for issuing Community Development ( CD) Bonds and provides answers to the various components of a successful implementation in Nigeria
Need for Smart Cities, Introduction to Smart Cities, India Smart City Initiative Details, Financing Mechanisms to support implementation & Global Examples
Presentation by Somik Lall of the World Bank made at the OECD Regional Development Policy Committee Symposium: Place-based policies: rationale, implementation and policy evaluation, held on 29 October 2020.
More information: http://www.oecd.org/regional/
Connecting global & regional finance to projects - Finance for #SDGs High Level Meeting – #financeforSDGs – Christoph Waldersee – Bellagio – 25-27 February 2015
Municipal Finances in India and Alternative Sources of Municipal FinanceRavikant Joshi
This PPT delivered to CEPT University Students provides detailed and latests information about municipal finances in India as of 2021 and discusses potential of alternative sources of finance for municipal bodies of India
Cities around the world are facing a crisis of investment. An integral part of solving this challenge requires building local government capacities and providing practitioners, academics, and advisors who work with cities with leading strategies that have the potential to advance infrastructure investment in ways that contribute to sound municipal fiscal systems. This presentation was originally delivered as a webinar on November 9, 2016 as part of a series of webinars on Municipal Fiscal Health. The webinar featured Dr. Julie Kim, a global infrastructure finance expert at Stanford University's Global Projects Center with over 30 years of public-private partnerships and infrastructure consulting experience in the U.S. and Asia; and Nicole DuPuis from the the National League of Cities, the nation's leading advocacy organization devoted to strengthening and promoting cities as centers of opportunity, leadership and governance.
government of India has launched "Smart Cities Mission" on 25th June 2015.
This is a presentation explaining the guidelines and procedure for this mission.
This presentation was held during the 5th GIB Summit, May 27-28 2015.
The presentation and more information on the Global Infrastructure Basel Foundation are available on www.gib-foundation.org
Concept note on 100 Indian smart citiesPhani Mohan K
The 35-page blue print includes various suggestions on operational procedures, approval process for proposals, nature and extent of Central Government support on financing, capacity building, which would be useful for further discussions.
It outlines in detail about the several facilities that would be developed in smart cities including reliable utility services,efficient social infrastructure and a smart transport system, which would restrict the travel time within the city to 30 to 45 minutes, 100 per cent coverage of road network with storm water drainage network and 100 per cent access to toilets.
All smart cities will need to have a master plan valid for the next 10 years in addition to having digitised spatial maps, regularly updated open data platforms, amongst other benchmarks specified in the Annexures of the concept note.
Physical infrastructure such as the urban mobility system, the housing stock, energy system, water supply system, drainage system, solid waste management and sewerage system etc will have to be integrated through the use of geospatial technology.
Universal access to electricity and water 24 X 7 will be a given.
The municipal offices will have to be fully automated so that citizens have the ability to seek and the municipal offices the ability to deliver services in real time, through IT based facilities.
In terms of social infrastructure, good and high quality education, healthcare and entertainment services are essential.
Adoption of energy-efficient and environmentally benign practices in the use of building material, transport system, sewerage and water supply systems, street lighting, air-conditioning systems and energy consumption in buildings will be non-negotiable.
The document also states that a city having a population of up to 40 lakh or more, cities of tourist and religious importance and select cities which have a population of less than 10 lakh and all state and union territory capitals will get an opportunity to nominate a satellite city for the “Smart City” project.
“In Delhi, it is being proposed that DDA will develop a new smart city through the land pooling scheme as a demonstratively and the NDMC area may be considered for demonstrating all the components of smart cities,” the note says.
While a strong citizen participation in decision-making will be crucial for smart cities, a principle of ‘governance by incentives rather than governance by enforcement’ has to be adopted.
A national urbanization policy would be crucial for guiding the national government financial support to smart cities.
The release of concept note is followed by a National Conclave of States and Union Territories, which is being held on Friday, September 12 to invite suggestions on the blue print.
National Real Estate Development Council (NAREDCO) speech building a New Ind...Manoj Benjamin
Building a New India
National Real Estate Development Council NAREDCO
Under the Aegis of Ministry of Housing & Urban Poverty Alleviation
Government of India
By Manoj C. Benjamin, Chairman Royal Indian Raj International Corporation*
2000,New Delhi, India
“ According to Government of India Estimates Approximately US200Billion will be required over the next 7-10 Years for Basic Infrastructure Projects”
Presentation by Jared Jageler, David Adler, Noelia Duchovny, and Evan Herrnstadt, analysts in CBO’s Microeconomic Studies and Health Analysis Divisions, at the Association of Environmental and Resource Economists Summer Conference.
This session provides a comprehensive overview of the latest updates to the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (commonly known as the Uniform Guidance) outlined in the 2 CFR 200.
With a focus on the 2024 revisions issued by the Office of Management and Budget (OMB), participants will gain insight into the key changes affecting federal grant recipients. The session will delve into critical regulatory updates, providing attendees with the knowledge and tools necessary to navigate and comply with the evolving landscape of federal grant management.
Learning Objectives:
- Understand the rationale behind the 2024 updates to the Uniform Guidance outlined in 2 CFR 200, and their implications for federal grant recipients.
- Identify the key changes and revisions introduced by the Office of Management and Budget (OMB) in the 2024 edition of 2 CFR 200.
- Gain proficiency in applying the updated regulations to ensure compliance with federal grant requirements and avoid potential audit findings.
- Develop strategies for effectively implementing the new guidelines within the grant management processes of their respective organizations, fostering efficiency and accountability in federal grant administration.
Russian anarchist and anti-war movement in the third year of full-scale warAntti Rautiainen
Anarchist group ANA Regensburg hosted my online-presentation on 16th of May 2024, in which I discussed tactics of anti-war activism in Russia, and reasons why the anti-war movement has not been able to make an impact to change the course of events yet. Cases of anarchists repressed for anti-war activities are presented, as well as strategies of support for political prisoners, and modest successes in supporting their struggles.
Thumbnail picture is by MediaZona, you may read their report on anti-war arson attacks in Russia here: https://en.zona.media/article/2022/10/13/burn-map
Links:
Autonomous Action
http://Avtonom.org
Anarchist Black Cross Moscow
http://Avtonom.org/abc
Solidarity Zone
https://t.me/solidarity_zone
Memorial
https://memopzk.org/, https://t.me/pzk_memorial
OVD-Info
https://en.ovdinfo.org/antiwar-ovd-info-guide
RosUznik
https://rosuznik.org/
Uznik Online
http://uznikonline.tilda.ws/
Russian Reader
https://therussianreader.com/
ABC Irkutsk
https://abc38.noblogs.org/
Send mail to prisoners from abroad:
http://Prisonmail.online
YouTube: https://youtu.be/c5nSOdU48O8
Spotify: https://podcasters.spotify.com/pod/show/libertarianlifecoach/episodes/Russian-anarchist-and-anti-war-movement-in-the-third-year-of-full-scale-war-e2k8ai4
Many ways to support street children.pptxSERUDS INDIA
By raising awareness, providing support, advocating for change, and offering assistance to children in need, individuals can play a crucial role in improving the lives of street children and helping them realize their full potential
Donate Us
https://serudsindia.org/how-individuals-can-support-street-children-in-india/
#donatefororphan, #donateforhomelesschildren, #childeducation, #ngochildeducation, #donateforeducation, #donationforchildeducation, #sponsorforpoorchild, #sponsororphanage #sponsororphanchild, #donation, #education, #charity, #educationforchild, #seruds, #kurnool, #joyhome
2. Relevant Sustainable Development Goal
Goal 7: Ensure access to affordable, reliable, sustainable and modern energy for all
Goal 8: Promote sustained, inclusive and sustainable economic growth, full and productive
employment, and decent work for all
Goal 9: Build resilient infrastructure, promote inclusive and sustainable industrialisation, and
foster innovation
Goal 10: Reduce inequality within and among countries
Goal 11: Make cities and human settlements inclusive, safe, resilient and sustainable
Goal 12: Ensure sustainable consumption and production patterns
Goal 13: Take urgent action to combat climate change and its impacts (taking note of agreements
made by the UNFCCC forum)
Goal 14: Conserve and sustainably use the oceans, seas and marine resources for sustainable
development
3. Key Objectives of Goal No 11
Ensure access for all to adequate, safe and affordable housing and basic services, and upgrade slums
Provide access to safe, affordable, accessible and sustainable transport systems for all, improving road
safety, notably by expanding public transport
enhance inclusive and sustainable urbanisation and capacities for participatory, integrated and sustainable
human settlement planning and management in all countries
reduce the adverse per capita environmental impact of cities, including by paying special attention to air
quality, municipal and other waste management
provide universal access to safe, inclusive and accessible, green and public spaces, particularly for women
and children, older persons and persons with disabilities
support positive economic, social and environmental links between urban, peri-urban and rural areas by
strengthening national and regional development planning
support least developed countries, including through financial and technical assistance, for sustainable
and resilient buildings utilising local materials
5. Some Useful Statistics
Urban Population in India
Urban Local Bodies in India
Year Urban Population- million % of total Population
2001 (Census) 286 28%
2011 (Census) 377 31%
2030 (World bank estimate) 600 39%
Type of Urban Units 2011 Census 2001 Census Addition in 2001-11
1. Towns: 7,935 5,161 2,774
(a) Statutory Towns 4,041 3,811 242
(b) Census Towns 3,894 1,350 2,532
2. Urban Agglomerations 475 384 91
3. Out Growths (OGs) 981 962 19
Both the numbers of Urban Areas and Urban Population have grown significantly in the past
and will continue to grow in the future
1 Source: Census of India 2011
6. Conventional Sources of Income for Urban Local Bodies
Tax
• Property Tax
• Entertainment
Tax
• Tax on Animal
• Local Excise
• Advertisement/
Hoarding Tax
Non Tax
• User Charges
and Fees
• Rents
• Return on
Investment
• Profits
Transfers/ Grants
• Formulae based
devolution or
share in
resource of
higher govts.
• Adhoc grants
• Special purpose
grants
Government
Loans
• From higher
governments
• Government
agencies
• Municipal
development
funds
Own Sources
7. Expenditure on Urban Services
Source: McKinsey Global Institute
India Spends only $50
per capita per annum
on urban services
which is only 14% of
China’s and 3% of UK’s
investment on same
purpose
8. Urban Service Delivery Performance
Water Supply-
litres per
capita per day
Source: United Nations- Handbook of Benchmarks; Ministry of Urban Development; W Smith; Transport Policies and Strategies in Urban India; McKinsey Global Institute
Sewage
treated (% of
generated)
Solid waste
collected (%
of generated)
Parks and
Open Spaces-
sq.m per
capita
Share of
public
transport trips
%
Slum
Population
(% of total
Population)
9. The Additional Demand for Urban Services (2030)
106 billion
litres water
per day
85 billion
litres sewage
per day
306 million
tons solid
waster per
annum
48 million
cars on urban
roads
208 million
public
transport trips
per day
13 million
affordable
housing
units
Source: United Nations- Handbook of Benchmarks; Ministry of Urban Development; W Smith; Transport Policies and Strategies in Urban India; McKinsey Global Institute
10. Investment Required to Meet the Demand (2030)
Current
Backlog- $20 b
Future
Requirement-
$76 b
Current Backlog-
$22 b
Future
Requirement-
$31 b
Current Backlog-
$0.5 b
Future
Requirement-
$14.5 b
Current Backlog-
$21 b
Future
Requirement-
$11 b
Current Backlog-
$151 b
Future
Requirement-
$48 b
Current Backlog-
$98 b
Future
Requirement-
$294 b
Current Backlog-
$243 b
Future
Requirement-
$152 b
Total Requirement: $2.2 Trillion
Per Capita Annual Spending- $250 (Current- $50)
Source: Indian Urbanization Funding Model, JuNURM, Ministry of Urban Development & McKinsey Global Institute
Water
Supply $96 b
Sewage
$53 b
Solid
Waste
$15 b
Storm
Water
Drain $32
b
Urban
Roads
$199 b
Mass
Transit
$392 b
Affordable
Housing
$395 b
Operational
Exp. $1040 b
Capital Expenditure: $1182 billion [Current (2010)Backlog: $555.5 b, Future Requirement: $626.5 b)
Operational Expenditure: $1040 billion
11. How to Mobilize Finance to Meet the
Demand and Fulfil SDG Requirement?
12. Increase Income from Taxation
Main Source: Property Tax
Accounts for 30% of Municipal Own Revenue Source
Contributes only 0.24% to GDP as compared to 0.6% in Developing and 0.68% Transitional
Economies
Potential: Can provide $15 billion annually (Current- $3 billion) or $36 per capita per annum1
Steps to be undertaken
Improved coverage and collection
Removal of exemptions
Market linked assessment of property tax
1 Source: McKinsey Global Institute
13. Increase Income from Non Tax Resources
User Charges
Potential: Can provide $35 billion annually (Current- $8 billion) or $76 per capita per annum1
Steps to be undertaken
Meter water connections
Progressive rate slabs
Improved recovery of user charges
Monetize Land Assets
Potential: Can provide $27 billion annually (Current- $3 billion) or $58 per capita per annum2
Steps to be undertaken
Identify land assets
Auction greenfield sites
Increase floor area ratio (FAR)
1 & 2 Source: McKinsey Global Institute
14. Income from Own Sources (Tax + Non Tax)
Therefore, $77 Billion annually or $170 per capita per annum can be
mobilized annually from the Municipalities’ existing sources
In addition to above, some income will also come from other Tax
and Non Tax Sources
Still there is a shortfall of approximate $70-$80 per capita per
annum- a substantial portion of this amount can be generated from
nonconventional sources
15. Mobilize Investment from Nonconventional Sources
Debt and PPP
At present only 5% investment comes from these two sources
Potential: Can provide $12 billion annually (Current- $2 billion) or $26 per capita per annum1
Steps to be undertaken
Adapt enabling policy to encourage private investors
Identify bankable projects
Viability gap funding from higher level governments
Create project specific SPVs (special purpose vehicle)
Guarantee from higher level governments to ensure access to debt market (including loans
from multi and bilateral agencies)
1 Source: McKinsey Global Institute
16. Mobilize Investment from Nonconventional Sources
Municipal Bond
So far only 14 ULBs have issued municipal bond
Potential: Can provide $7 billion (Rs 450,000 million)
Steps to be undertaken
Reform policies and procedures to get good a Credit rating
Issue tax free municipal bond to attract private investors
Guarantee from higher level governments
Municipalities with small revenue base can jointly issue pooled bond
Source: National Institute of Public Finance and Policy, India & McKinsey Global Institute
17. What is Expected from Higher Level Governments
Devolution of powers and function to urban local bodies in accordance with the 74 th
amendment of the Constitution
Reform policies and regulatory laws to attract investment for urban local bodies
Provide technical assistance to prepare municipal plans and budgets
Build capacity of municipal staff to empower them to adapt new techniques and process of day-
to-day functioning of the municipalities
Help urban local bodies to identify projects, carryout project feasibility studies and design
funding framework
Provide guarantee for municipal bonds and external loans
Fund the financial gap to make PPP projects viable