The Finances of the PRIs are looked into. The role of 13th Finance Commission is explained. Some ‘learnings’ from International experience is given.

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...

This paper deals with issue of Capital Account Convertibility, in the context of the Indian economy. The issue has been in and out of fashion as far as the priority of the policy makers in India is concerned. The paper essentially derives from the earlier work done by Rao et al, and uses optimal...

Provision of quality urban infrastructure is an area of major concern for the Indian Economy. The financing of this component of infrastructure may turn out to be a somewhat tractable problem, even in the short to medium term. The present paper focuses precisely on this issue. In more recent...

This paper is concerned with devising an approach to intergovernmental transfers, from State Governments to Urban Local Bodies. Our approach will comprise of five cardinal principles abbreviated as PEACE: (a) Political Feasibility (b) Equity (c) Adequacy (d) Computational Transparency and (e)...

The paper is intended to serve as a background note for the seminar organised by KSWA. It looks at the paradigmatic change in the Indian economic environment and situates the 74th CAA in the context. The main theme is to focus on the educational response to the changing labour market situation...

Provision of quality urban infrastructure is an area of major concern forthe Indian Economy. The environment defined by the context of globalisation and privatisation has implied fiscal compression and the consequent scarcity of resources at all levels of Government. Financing of urban...

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...

This study has made some suggestions for the consideration of the Twelfth Finance Commission. We have provided a conceptual framework comprising eight cardinal principles abbreviated as FAIR PLAN. We have also operationalised the framework and provided a computational algorithm for inter se...

Infrastructure in general and urban infrastructure in particular has proved to be a pons asinorum of economic development. Whilst infrastructure is an umbrella term, provision of many of its components is the duty of the urban local bodies (ULBs). Given the financial crunch faced by the ULBs,...