The present study examines issues related to fiscal federalism at the third tier in general and grants to local bodies in particular. The study presents a normative framework to estimate the requirements of operation and maintenance (O&M) expenditure at the local body level based on three...

The context of this paper is given by the parametric environment defined by the political reality on one hand and the process of decentralisation which has gained impetus post 73rd and 74th Constitutional Amendment Acts, on the other. Keeping in view the process of globalisation and...

It is incontrovertible that good infrastructure is central to all economic activity. It facilitates efficiency in key economic services, improves the economy’s competitiveness, and generates high productivity and supports strong economic growth. The paper discusses the issues and...

This paper is concerned with respect to asses the revenue and expenditure patterns in the various Urban Local Bodies(ULBs) in Maharashtra. The context for this is the finance commissions at the state and central levels as well as the 74th constitutional amendment. Without the requisite...

The geopolitical situation globally and in the immediate neighborhood, as well as the domestic fault lines that have been magnified by the recent Indian national elections, provide a context to the paper. As the 16th Finance Commission begins its deliberations, this paper underlines the crucial...

Climate change is dominating risk analysis across governments and businesses and biodiversity conservation is critical mitigation against it. India through the Forest and Ecology grant has the world’s largest Ecological Fiscal Transfer. As the 16th Finance Commission deliberates it can...