Chinmaya IAS Academy – Current Affairs Chinmaya IAS Academy – Current Affairs
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 …
Read More »Financial Devolution to Urban Local Bodies (ULBs)
