India’s Municipal Corporations Urged to Implement User Charges for Enhanced Urban Finance

Municipal corporations in India are set for a transformative shift in urban finance, as highlighted in the Reserve Bank of India’s report advocating for user charges to boost non-tax revenues. The report emphasizes transparent governance and technological integration to enhance fiscal health and public services. Key sectors like water supply and sanitation are targeted for revenue generation, promoting sustainable urban development. This initiative aims to empower local governments and improve service delivery amidst growing urban populations.