Municipal finance analysis: The case study of Gujarat (India)
| Autor: | Forum Dave |
|---|---|
| Rok vydání: | 2021 |
| Předmět: |
Economics and Econometrics
050208 finance decentralization Public Administration 05 social sciences urbanized Gujarat lcsh:K4430-4675 Agricultural economics Urban Local Government_Bodies (ULBs) 0502 economics and business Business Management and Accounting (miscellaneous) Business municipal finance lcsh:Public finance 050203 business & management Finance Public finance |
| Zdroj: | Public and Municipal Finance, Vol 9, Iss 1, Pp 70-87 (2021) |
| ISSN: | 2222-1875 2222-1867 |
| Popis: | This paper theoretically underpins the idea of greater involvement of local governments in the overall development of India explained through the theory of Fiscal Federalism. The theory outlines the dynamics of decentralization of power and functions through a multi-layered governance system leading to a new structure and added functions, finance, and accountability to local government. The paper also provides an overview of the increasing role of urban local governments in India and investigates whether the Urban Local Bodies (ULBs) of Gujarat – a state in India, are efficient to perform the functions and responsibilities assigned to them by the 74th Constitutional Amendment Act (CAA). It scrutinizes the financial health of local governments in the urban regions of India. The results based on the application of MANOVA indicate that the 74th CAA empowered ULBs with a strong economic base that these ULBs are capable of mobilizing their own resources. This means that smaller municipalities must develop and convergence must be supported by a proportionate level of grants. This will ensure that with the development of social infrastructure, economic activities will increase, and, as a result, the conversion will occur. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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