The Ministry of Housing and Urban Affairs, Government of India recently launched a cityfinance.in – a national portal of information on municipal finances in the country. India is a country with 4,500+ urban local bodies and there was a dire need for a centralised, government backed repository of this type. At the time of launch, the portal houses more than 2,500 municipal financial statements, 650 credit rating reports, and details of 41 municipal bond issuances. The information on the portal is growing every day. The portal also contains a snapshot comparison of municipal finance laws across 28 Indian states.
cityfinance.in will serve as a treasure trove of information for policy-makers, bond market players, researchers, and the interested civic citizen. Click on the video to see more details on the portal.
The portal was conceived and is managed by Janaagraha. MaGC is proud to be the Knowledge Partner for the portal.