{"id":27908,"date":"2018-10-23T16:59:41","date_gmt":"2018-10-23T11:29:41","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=27908"},"modified":"2018-10-23T16:59:41","modified_gmt":"2018-10-23T11:29:41","slug":"civic-bodies-can-raise-more-funds-smart-cities-mission-director-kunal-kumar","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/civic-bodies-can-raise-more-funds-smart-cities-mission-director-kunal-kumar\/","title":{"rendered":"Civic bodies can raise more funds: Smart Cities Mission Director Kunal Kumar"},"content":{"rendered":"<p><a href=\"https:\/\/www.thehindu.com\/news\/national\/civic-bodies-can-raise-more-funds-smart-cities-mission-director-kunal-kumar\/article24720557.ece\">Civic bodies can raise more funds: Smart Cities Mission Director Kunal Kumar<\/a><\/p>\n<p><u>News:<\/u><\/p>\n<ol>\n<li>The process to calculate GDP for a pilot city may start by the year-end, Smart Cities Mission Director Kunal Kumar said.<\/li>\n<\/ol>\n<p><u>Important facts:<\/u><\/p>\n<p>2. \u201cNational GDP is a well-established process, but we have so far not had city-level GDP in India.\u201d, Director said<\/p>\n<p><u>3. Advantages:<\/u><\/p>\n<ul>\n<li>City-level GDP calculation would help give shape to the economic indicators needed.<\/li>\n<li>City-level GDP data , could help municipal bodies make better decisions on needed infrastructure and investment .<\/li>\n<li>Also leverage their economic strength to raise funds to finance their needs.<\/li>\n<\/ul>\n<p><u>4. Three main components of smart cities:<\/u><\/p>\n<ul>\n<li>An improved quality of life,<\/li>\n<li>A robust economy leading to job creation<\/li>\n<li>Sustainability built into every aspect.<\/li>\n<\/ul>\n<p>5. One of the aims of the Smart Cities Mission has been to increase the share of municipal financing of infrastructure projects.<\/p>\n<p>6. The EIU has recommended a top-down approach based on sectoral income data for the calculation of city-level GDP as it would balance detail and resource-effectiveness in the long term.<\/p>\n<p>7. The data requirements may be too challenging and a top-down approach using household expenditure data may be more feasible in the short term.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Civic bodies can raise more funds: Smart Cities Mission Director Kunal Kumar News: The process to calculate GDP for a pilot city may start by the year-end, Smart Cities Mission Director Kunal Kumar said. Important facts: 2. \u201cNational GDP is a well-established process, but we have so far not had city-level GDP in India.\u201d, Director&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/civic-bodies-can-raise-more-funds-smart-cities-mission-director-kunal-kumar\/\">Continue reading <span class=\"screen-reader-text\">Civic bodies can raise more funds: Smart Cities Mission Director Kunal Kumar<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-27908","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704914377},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/27908","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=27908"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/27908\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=27908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=27908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=27908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}