Journal Press India^®

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As per the Confederation of Real Estate Developer Association of India Report 2019, the urban population of India will contribute three-fourths the of the country’s GDP by 2030. However, to achieve the same, massive reforms are required in terms of ramping up the infrastructural needs of the cities. The city government needs to provide efficient, effective, and responsive urban services to attract investment and contribute to economic development. Therefore, it is essential to strengthen the financial health of the city government. The study points out some problems, especially related to indicators for measuring the financial performance of Urban Local Bodies (ULBs) to judge the financial health. Five different financial aspects are considered to measure the comparative financial performance. The Siliguri Municipal Corporation has performed better in revenue and resource mobilization performance. The Asansol Municipal Corporation is better in liquidity and solvency performance. Both have the same position in expenditure and expenditure management performance.

Keywords

Urban local bodies; Functional domain; Financial domain; Financial performance indicators; West Bengal.

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