Why is it in the news?
- The India Infrastructure Report 2023, focused on Urban Planning and Development, was recently released,
- The report is a collaborative effort of the IDFC Foundation, Infrastructure Development Corporation (Karnataka) Ltd. (iDeCK), and the National Institute of Urban Affairs (NIUA).
Key Highlights of the Report
- Emphasizes the transformative potential of digital technology in shaping India’s urban landscape.
- Focuses on ‘smart cities’ and the importance of performance ranking criteria.
- Examines the financial aspects of urban development. Special emphasis on public-private partnerships (PPPs), financial sustainability of urban local bodies, and the efficacy of municipal bonds as financing instruments.
- Addresses urban transportation planning and urban redevelopment as vital components of effective urban governance.
- Highlights transit-oriented development, efficient urban goods movement, and regulations for floor space and land prices in India.
| National Institute of Urban Affairs (NIUA)
· Central Autonomous Body under the Ministry of Housing and Urban Affairs, established in 1976. · Functions as a national think-tank, conducting multi-disciplinary research, knowledge exchange, capacity development, policy planning, and advocacy in the field of urban development. |
