The finances of municipalities in India are in a highly unsatisfactory state, adversely affecting, on the one hand, the productivity of cities and towns and, on the other, the quality of life. Moreover, the fiscal implications of rapid urbanisation stare us in the face and failure to take appropriate action on this front will have adverse consequences for India's growth and development trajectory. The Finance Commission's grants-in-aid over the years have not been able to bridge the vertical fi scal gap of municipalities. How may the Fourteenth Finance Commission deal with the fi scal challenge?
EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.
Comments
EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.