BOOK SUMMARY OF PANCHAYATI RAJ FINANCES IN MADHYA PRADESH
CONTENTS:
Intergovernmental transfers are the dominant source of revenues for rural local
government system that is Panchayati Raj in the country .The design of these
transfers affects the effciency and equity of local service provision and the
fiscal health of these institutions.So far the financial position of Panchayats
are concerned it is stated to be a dependency syndrome.Despite the fact that
they are empowered to raise internal resources but it is not
encouraging.Therefore these institutions are mainly dependent on transfers from
higher levels of government.Unfortunately the subject of transfers of finance
between the state and local government