shine india monthly magazine

shine india monthly magazine

shine india monthly magazine Published this article page no 14 this article was published in the month of november municipal financing why in news? recently the reserve bank of india (rbi) has released a report on municipal financing. more on news  the report is a first ever comprehensive analysis of municipal finances and covers 201 municipal corporations (mcs) across all states.  the report also suggests some innovative ways to strengthen the financial capacity of municipalities. about finance of municipalities  the 74th amendment act 1992 through the 12th schedule institutionalized the urban local bodies (ulbs) asthe third tier of the government to promote grassroots level democracy (refer to the infographics). shine india monthly magazine telugu buy the act also provides an illustrative list of 18 functions which the state governments may assign to the municipalities partly or wholly through their municipal laws.  however the amendment act has not provided for a corresponding municipal finance list in the constitution and it has been completely left to the discretion of the state governments. this has resulted in municipal finances varying widely across states there is a gross mismatch between the functions assigned to the ulbs and the resources made available to them to discharge the mandated functions. need for robust financial system of municipalities  urbanization the rapid rise in urban population density calls for better urban infrastructure and hence requires greater flow of financial resources to local governments shine india monthly magazine subscription.

shine india monthly magazine