Financing Cities in India

Financing Cities in India

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How is management of municipal finances related to economic growth and productive employment in urban India? This book identifies Indian municipalities as among the weakest globally in terms of access to resources, revenue-raising capacity and fiscal autonomy. Advocating reforms in these sectors, it discusses the lack of clarity, consistency, adequacy and predictability in municipal taxation, user charging, inter-governmental transfers and development financing as key factors plaguing city finances. Topical and up-to-date, the book brings out the need to align particular types of revenues to particular categories of expenditure so that services can be delivered in a responsive, transparent and accountable manner.through a#39;circular and cumulative causationa#39;. ... (Ding and Zhao 2012) Empirical studies find a strong positive correlation between economic growth and agglomeration (Mohanty 2014). ... Cities around the world thus act as instruments to mobilise income tax, corporation tax, service tax, value added tax, goods and servicesanbsp;...

Title:Financing Cities in India
Author: Prasanna K. Mohanty
Publisher:SAGE Publications India - 2016-05-01

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