Source:Compendium of Good Practices, National Institute of Urban Affairs, New Delhi (2015)
Reforms play a key role in defining a nation’s macro-economic vision and facilitating momentum to it. Reforms in the urban sector are not new in India, and during the last two decades, a number of initiatives to implement them have been undertaken in the country. At the city level, reforms are decisive and play an important role by assisting the Urban Local Bodies (ULBs) in systematizing and overcoming procedural glitches in urban governance. Urban reforms assist in improving ULBs transparency, accountability, financial status and credit worthiness and can provide the necessary platform for private investments in urban infrastructure and services thereby augmenting the concept of
‘investor friendly’ cities.