Tag Archives: financial stability

Despite the efforts initiated by the 11th Finance Commission, financial devolution to urban areas remains inadequate. Municipalities suffer from poor fiscal health, and rapid urbanization without sufficient fiscal measures hinders development. Financial Devolution to Urban Local Bodies (ULBs) India allocates only 0.5% of its GDP to ULBs, whereas countries like …

Reserve Bank of India Surplus Transfer: A Boon or Bane? GS3 :Reserve Bank Of India (RBI), Income and Expenditure of Central Bank, RBI Surplus Transfer To Government, Sources and Uses of RBI Surplus, Significance of RBI’s Surplus Transfer The Reserve Bank of India’s (RBI) recent announcement of a record-breaking ₹2.11 …