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The ‘City Finance Rankings 2022’ portal www.cityfinance.in/rankings has been made live by Ministry of Housing and Urban Affairs (MoHUA) on 20th March, 2023. The Urban Local Bodies (ULBs) across the country can now participate in the Rankings through an entirely digital, 100% paperless, process. The ‘City Finance Rankings 2022’ have been launched with the objective of evaluating, recognizing and rewarding municipal bodies across the country on the basis of the quality of their current financial health and improvement over time in financial performance. As per the Guidelines of ‘City Finance Rankings 2022’, which had been launched by Shri Hardeep Singh Puri, Hon’ble Minister Housing and Urban Development on December 28, 2022, the participating ULBs will be evaluated on 15 indicators across three key municipal finance assessment parameters, namely: (i) Resource Mobilization, (ii) Expenditure Performance and (iii) Fiscal Governance. The cities will be ranked on the basis of their scores under any one of the following four population categories: (i) Above 4 million (ii) Between 1-4 million (iii) 100K to 1 million (iv) Less than 100,000. The top 3 cities in each population category will be recognized and rewarded at the national level as well as within each state/state cluster.
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