• Manoj

In a decentralized economy, local government bears the responsibility of providing the local services to its residents. These services are financed with the help of local taxes and grants. The distribution of functional responsibilities and revenue sources between the centre and stat is made as per the constitutional provisions. The state government transferred some of its powers to local units to render public services to their residents. While due to the fact that it is the welfare state in which function of local governments gave increased after the implementation of the 74th constitutional Amendment Act 1992. This leads to the serious problems of imbalance between their expenditure and revenue. The municipal governments are supposed to provide more and more services to their residents while, on the contrary, the state governments impress upon the local governments to raise the revenue resources, viz, restriction on property tax rates and restriction on the raising of debts.

EMERGING PPATERNS OF MUNCIPAL FINANCE : AN ANALYSIS OF BHIWANI MUNICIPAL COUNCIL

"EMERGING PATTERNS OF MUNCIPAL FINANCE : AN ANALYSIS OF BHIWANI MUNICIPAL COUNCIL", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 3, page no.64-72, March-2019, Available :http://www.jetir.org/papers/JETIR1903J11.pdf

"EMERGING PATTERNS OF MUNCIPAL FINANCE : AN ANALYSIS OF BHIWANI MUNICIPAL COUNCIL", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 3, page no. pp64-72, March-2019, Available at : http://www.jetir.org/papers/JETIR1903J11.pdf