• Amanpreet Kaur
• Dr. Anil Kumar Verma

In the modern era, the local institutions serve as a lamp-post of democracy. In a democratic country like India, the local self government is a foundation stone of democracy. It is here that the seeds and programmes of national development are put into action. Moreover, the local self governments also act as a nursery of political training for the state as well as national level leaders of our country. Residents of the area also have direct access to the local leaders and may suggest ways and measures to these leaders for the upliftment of their area. Without the existence of these institutions, there may be no progress of a city, town or village, because these institutions inculcate among the citizens of the country the sense of civic duty. These local self governments play a vital role in all spheres of life like politics, social civic, economic and religious. As the jurisdiction of the local self government is restricted to a specific area of a town or city, so its functions relate largely to the population of that specific area. In the present paper, an attempt has been made to analyze the income and expenditure of the municipal committee of Faridkot. The data about the income and expenditure of the different years were collected from the records of the municipal committee. The study shows that the committee collects income from the various heads and is increasing year after year. In the same way, the expenditure of the committee is also increasing. The expenditure is made both on developed and non-development purposes. For the welfare of the residents and for an overall development of the town, the committee is making expenditure on the construction and repair of roads, water supply, sewerage, school buildings, and street lights etc. The committee is also making every effort to develop the basic facilities and social amenities in the slum area of the town.

Income, Expenditure, Municipal Committee

"ANALYTICAL REVIEW ON INCOME AND EXPENDITURE OF A MUNICIPAL COMMITTEE – A CASE STUDY OF FARIDKOT", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 11, page no.739-750, November-2018, Available :http://www.jetir.org/papers/JETIR1811194.pdf

"ANALYTICAL REVIEW ON INCOME AND EXPENDITURE OF A MUNICIPAL COMMITTEE – A CASE STUDY OF FARIDKOT", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 11, page no. pp739-750, November-2018, Available at : http://www.jetir.org/papers/JETIR1811194.pdf