Implications of Finance Commission and State Finance Commissions Recommendation on Local Bodies in Odisha, India

International Journal of Economics and Management Studies

© 2020 by SSRG - IJEMS Journal

Volume 7 Issue 1

Year of Publication : 2020

Authors : Manoj Kumar Das, Debabrata Sahoo

10.14445/23939125/IJEMS-V7I1P117

How to Cite?

Manoj Kumar Das, Debabrata Sahoo, "Implications of Finance Commission and State Finance Commissions Recommendation on Local Bodies in Odisha, India," SSRG International Journal of Economics and Management Studies, vol. 7,  no. 1, pp. 130-136, 2020. Crossref, https://doi.org/10.14445/23939125/IJEMS-V7I1P117

Abstract:

India is a federal set up its States is ridden by the problems of vertical and horizontal imbalance. There is the provision of two types of finance commission- one at the union level known as finance commission (FC) and the other one at state level known as state finance commission (SFC). The FC and SFC recommendations not only impacts the state finances but also have a wide range of implication on local bodies. Based on the previous FC and SFC recommendations, the study explores the implication of the recommendation on revenue & expenditure of local bodies, utilization of money & creation of basic civic services of local bodies, and on financial accountability and management by local bodies. Understanding the implication of FC and SFC recommendations for the local bodies is useful for policy frameworks at the center, state, and local levels.

Keywords:

Finance Commission, Local Bodies, Panchayat, Grant-in-Aid.

References:

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