Ministry of Housing and Urban Affairs-NIPFP Research Programme (for a period of three years)

• Start date नवम्बर., 2022
• Sponsor Ministry of Housing and Urban Affairs (MoHUA), GoI
• Project leader Manish Gupta
• Other faculty Aakash Gupta, Attrayee Choudhury,
• Consultants/Other authors Rashmi Kundu, Neeti Gupta, Divya Rudra and Ankit Singh
• Focus

  The programme involves setting up a Centre for Research in Urban Public Finance (CeRUPF) to carry out research and create a repository of innovations in urban financing and service delivery in India. As part of the programme, the work that is currently being carried out is: 1) Analysis of accounts: A base study to provide a snapshot of the trends in revenues and expenditures of Urban Local Bodies (ULBs).Currently, preparation of a database of the finances of more than 4,000 ULBs is under way. 2) Status paper on bond issuances by ULBs: Working on a paper on the status of Municipal Bond issuance by ULBs. The paper documents the legislative and regulatory framework for bond issuances and the financial status of ULBs that have issued municipal bonds. 3) Fiscal implications of GST on ULBs: A paper is being prepared on the fiscal impact of the introduction of GST on ULBs. In the backdrop of local-body related taxes subsuming into GST, the paper presents issues related to the taxation powers of ULBs, GST compensation and the overall revenues of ULBs.