Competition refresher magazine

Competition refresher magazine 

Competition refresher magazine Published this article page no 18 this article was published in the month of november the central government has included credit rating of mcsin the reform agenda of the smart cities and amrut programme. of the 94 cities that have been assigned credit ratings in 2018 59% received a rating of investment grade or above highlighting the underutilised potential for bond financing by indian municipalities. 23  credit rating of ulbs in india the municipal bond market is at a nascent stage and hence credit rating can play an important role in attracting new investors. credit rating performs the critical function of providing an independent and credible assessment of the inherent risk of an instrument.  competition refresher magazine pdf land based financing it is an area that is grossly under tapped and it has an enormous potential for revenue generation in the case of municipal corporations. instruments may include vacant land tax (vlt) a two-part property tax with a higher rate for land than buildings  sharing of stamp duty (collected by state governments) with local governments o development impact fees (dif) land monetisation etc.  standardised accounting a double entry-based accounting system for municipal bodies would facilitate the consolidation of local government data. the fifteenth finance commissions recommendation to make audited accounts of municipal corporations available online as a prerequisite for accessing grants is a step in the right direction.  digitalisation potential of a web-based e-governance system needs to be explored as it can be interactive and enhance the efficiency of the functioning of local governments. modernisation of local governance systems will ensure greater public participation and more effective delivery of public services competition refresher magazine subscription.

Competition refresher magazine