Examine the role of State Finance Commission.

  The State Finance Commission shall also focus regarding to:

·         the classification of rural and urban local bodies as per the guidelines of Government of India

·         existing level of devolution and other resource transfer from the State and Central Governments, and other agencies including the award and recommendations of the Finance Commission to the local bodies and their adequacy;

·         the requirement of local bodies for meeting revenue expenditure (including maintenance of capital assets) in view of the need for generating surplus for capital investment;

·         the revenue resources of the local bodies for the next financial years;

·         the scope for better fiscal management in major components of recurring and non-recurring items of expenditure; and

·         the status of implementation of the recommendations of the Finance Commission and State Finance Commission, and utilisation of resources by the local bodies.

Subcribe on Youtube - IGNOU SERVICE

For PDF copy of Solved Assignment

WhatsApp Us - 9113311883(Paid)