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“Finances of Panchayati Raj Institutions (PRIs)” report, recently seen in the news, is released by which institution?
  • a)
    RBI
  • b)
    SBI
  • c)
    NABARD
  • d)
    IDBI
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
“Finances of Panchayati Raj Institutions (PRIs)” report, r...
The RBI’s “Finances of Panchayati Raj Institutions (PRIs)” report analyzes data from 2.58 lakh Panchayats for 2020-21 to 2022-23, highlighting key findings. Panchayats heavily rely on grants (95%) due to limited own revenue sources like property taxes. Inter-state variations in devolution impact socio-economic outcomes. Inconsistent data poses challenges in assessing fiscal health. PRIs struggle with local tax revenue generation due to a limited tax base, administrative issues, and unclear guidelines. Revenue sources include Central and State government grants, and PRIs have the authority to impose taxes and fees.
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“Finances of Panchayati Raj Institutions (PRIs)” report, recently seen in the news, is released by which institution?a)RBIb)SBIc)NABARDd)IDBICorrect answer is option 'A'. Can you explain this answer?
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