💨 Abstract

The 16th Finance Commission Chairman, Arvind Panagariya, emphasized the need for rural and urban local bodies to raise their own resources, as it will mobilize citizens and align with the logic of devolution at local levels. He suggested that panchayats and urban local bodies should aim to raise some part of their revenues from their own jurisdiction to foster financial autonomy and self-reliance.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖