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Municipal bonds India

URBAN GOVERNANCE IN INDIA: FEATURES, CHALLENGES, REFORMS

Urban governance reform in India focuses on empowering ULBs through the 74th Amendment, aiming for financial autonomy and digital transparency. Key initiatives like AMRUT and Smart Cities prioritize sustainable infrastructure, decentralized planning, and improved service delivery to manage rapid urbanization effectively.

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URBAN CHALLENGE FUND EXPLAINED

The Urban Challenge Fund targets infrastructure through market-linked financing, aiming for a ₹4 lakh crore impact. However, true resilience requires moving beyond capital to empower Urban Local Bodies with the functional and political devolution needed to tackle climate and health. 

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