Do you think that the scale of municipal finances is inadequate to run the local self-governments? Comment (200 Words)
Refer - The Hindu
Enrich the answer from other sources, if the question demands.
Pooja 2 years
Pls check
IAS Parliament 2 years
Good ttempt. Try to mention the articles in the constitution and mention some recommendations of 15th finance commission. Keep Writing.
IAS Parliament 2 years
KEY POINTS
· Indian Institute for Human Settlements (IIHS) analysed data from 80 ULBs across 24 States between 2012-13 and 2016-17 to understand ULB finance and spending, and found some key trends.
· The ULBs’ key revenue sources are taxes, fees, fines and charges, and transfers from Central and State governments, which are known as inter-governmental transfers (IGTs).
· There was a 7% increase in own revenue from 2012-13 to 2016-17, but ULBs still lacked revenue buoyancy as their share in GDP of own revenue was only 0.5% for the five-year period.
· It is essential that ULBs leverage their own revenue-raising powers to be fiscally sustainable and empowered and have better amenities and quality of service delivery.
· While dependence on IGTs dipped over the years due to modest increase in own revenue, the scale of IGTs in India remained at around 0.5% of GDP, which is far lower than the international average of 2% to 5% of GDP.
· This can be improved by increasing the revenue assigned to ULBs from the State governments, and by allocating a share of the State and Centre’s GST proceeds to ULBs.
· The scale of municipal finances in India is undoubtedly inadequate. A ULB’s realised own revenue resources are far below the estimated potential.
Tapasvi 2 years
Kindly review
IAS Parliament 2 years
Good attempt. Try to mention articles in the constitution. Keep Writing.
Murali Krishna 2 years
Please do assess and suggest me.
IAS Parliament 2 years
Good attempt. Try to mention articles in the constitution Keep Writing.
Aravind R 2 years
Kindly review this mam/sir
IAS Parliament 2 years
Good attempt. Try to include about Fifteenth finance commission recommendation. Keep Writing.
