Finances of Municipal Corporations in Metropolitan Cities of India

Isher Judge Ahluwalia, P.K.Mohanty, Om Mathur and Debarpita Roy
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Isher Judge Ahluwalia: Indian Council for Research on International Economic Relations (ICRIER)

Indian Council for Research on International Economic Relations (ICRIER) Report from Indian Council for Research on International Economic Relations (ICRIER), New Delhi, India

Abstract: The 15th Finance Commission while making its recommendations to the central government must consider the impact of GST on municipal finances and the growing needs of the Municipal Corporations in metropolitan regions. The Commission must refer the matter of sharing of GST revenues with all urban local governments to the GST Council. It must recommend a substantially higher percentage of the central divisible pool as grants-inaid for all urban local governments. The horizontal distribution of these grants must ensure that Municipal Corporations in metropolitan regions receive adequate funds giving due consideration to economic importance of these rapidly growing regions.

Keywords: Municipal Corporations; Revenue; Tax; Fifteenth Finance Commission; icrier (search for similar items in EconPapers)
Pages: 80 page
Date: 2019-06
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