SD

Samiksha DwivediAIR 56

Question 3GS2GS2

How can the financial woes of urban local bodies be tackled through innovative funding? (Answer in 150 words)

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Answer

Introduction

Urban local bodies suffer from low funding, with only 0.15% of GDP devolved to ULBs opposed to 4% in South Africa (RDI).

22 words

Main Body

Urban local bodies suffer from low funding, with only 0.15% of GDP devolved to ULBs opposed to 4% in South Africa (RDI).

Financial woes of ULBs

32% of property tax revenue (LGI)

15% of revenue grants from external & tied to user fees

70% revenue = expenditure poor capital

Role of innovative funding for ULBs:

Impact bonds – raise funds through impact bonds on project specific manner (green energy, urban mobility)
Municipal bonds – Index for solar power plant, Bengaluru – reduce dependence on grants & decentralize cheaper some with opportunity & govt
Crowd funding – Armstrong lane People's bond Attract philanthropists
Private shareholding and equity issuance Participative model for entrepreneurs & venture capital funds
TSSETs – seek investments of institution infrastructure project by quality checks & discipline in project completion Monetization of assets lease out revenue cycle of city assets
Consumers in history to attract finance innovative project based proper identification & handling Satisfy investors → register on blind stock exchange

The ULBs should be financially strong with proper infrastructure & dedicated capital pushed to explore & efficiently utilize innovative financing.

— Samiksha Dwivedi · AIR 56

191 words4 paragraphs6 bullet points

Conclusion

The ULBs should be financially strong with proper infrastructure & dedicated capital pushed to explore & efficiently utilize innovative financing.

20 words

Diagram

Flowchart showing Financial woes of ULBs with components: 32% property tax revenue (LGI), 15% of revenue grants from external (Tied to user fees), 70% revenue = expenditure poor capital

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Topper

Samiksha Dwivedi

AIR 56

Subject & Paper

GS2GS2

Topic

Federal Structure - Functions, Responsibilities, Devolution of Powers and Finances

Local Self Government

Urban Local Bodies - Financial Resources and Innovative Funding

Writing Stats

233

Total words

4

Paragraphs

6

Bullets

analytical

Tone

Linked PYQ

7. (a) वेदान्तानुकूलम् अज्ञानस्वरूपं 150 परिमितेषु शब्देषु प्रतिपादयत। 15 Explain the concept of Ajñāna according to Vedānta in 150 words. (b) सांख्यदर्शनानुसारं प्रकृति-पुरुषयोः साधर्म्यं वैधर्म्यञ्च 150 परिमितेषु शब्देषु लिख्यताम्। 15 Discuss similarities and differences between Prakṛti and Puruṣa according to Sāṃkhya Philosophy in 150 words. (c) प्राचीन-भारते आयुर्विज्ञानम् इति विषये 250 परिमितेषु शब्देषु निबन्धो लेख्यः। 15 Write an essay in 250 words on Medical Science in Ancient India. (d) शून्यवादस्य कोऽर्थः बौद्धमते? 5 What is Śūnyavāda according to Buddhist Philosophy?

50M2014प्रतिपादयत