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Finances of Municipal Corporations in Metropolitan Cities of India

Author

Listed:
  • Isher Judge Ahluwalia

    (Indian Council for Research on International Economic Relations (ICRIER))

  • P.K.Mohanty
  • Om Mathur
  • Debarpita Roy

Abstract

The 15th Finance Commission while making its recommendations to the central government must consider the impact of GST on municipal finances and the growing needs of the Municipal Corporations in metropolitan regions. The Commission must refer the matter of sharing of GST revenues with all urban local governments to the GST Council. It must recommend a substantially higher percentage of the central divisible pool as grants-inaid for all urban local governments. The horizontal distribution of these grants must ensure that Municipal Corporations in metropolitan regions receive adequate funds giving due consideration to economic importance of these rapidly growing regions.

Suggested Citation

  • Isher Judge Ahluwalia & P.K.Mohanty & Om Mathur & Debarpita Roy, 2019. "Finances of Municipal Corporations in Metropolitan Cities of India," Indian Council for Research on International Economic Relations (ICRIER) Report 19-r-06, Indian Council for Research on International Economic Relations (ICRIER), New Delhi, India.
    • Handle: RePEc:bdc:report:19-r-06
    as

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    References listed on IDEAS

    as
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