Municipal corporations need reforms to boost own funds: RBI
Business Standard|November 14, 2024
Municipal corporations in the country need comprehensive reforms to boost their sources of revenue through tax reforms, rationalisation of user charges, and strengthening of collection mechanisms to plug leakages, according to an RBI report.
ABHIJIT LELE

While the revenue account of municipal corporations has remained in surplus, their heavy reliance on transfers and grants from higher tiers of government continues. The own revenue sources are insufficient to meet the revenue expenditure of most municipal corporations.

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