Live
- Tanks, canals remain neglected despite execution of MGNREGS works
- BRS to celebrate Deeksha Diwas on Nov 29, Dec 9
- NCC Day grandly celebrated at SITAM
- CITU demands rollback of strategic sale of VSP
- 7-Year-old girl sexually assaulted in Tirupati
- PM Modi highlights govt's efforts to make Odisha prosperous and one of the fastest-growing states
- Hezbollah fires 200 rockets at northern, central Israel, injuring eight
- Allu Arjun's Family Appearance on Unstoppable with NBK Breaks Viewership Records
- Unity of hearts & minds essential for peace & progress, says J&K Lt Governor
- IPL 2025 Auction: I deserve Rs 18 cr price, says Chahal on being acquired by Punjab Kings
Need to institutionalise state fin commissions: RBI Governor Shaktikanta Das
Highlights
Reserve Bank Governor Shaktikanta Das on Friday said there is a "great need" to institutionalise state finance commissions and helping the local bodies enhance their revenue generation capacities.
Mumbai: Reserve Bank Governor Shaktikanta Das on Friday said there is a "great need" to institutionalise state finance commissions and helping the local bodies enhance their revenue generation capacities.
He said fiscally strong states and Centre is the "essence" of Indian federalism and weakness at either end poses a slew of challenges for the country.
"There is a great need to strongly institutionalise the state finance commissions and empower the third tier of governance by enhancing their revenue-generating capacity," Das said.
He was speaking at the central bank headquarters before the 17th L K Jha Memorial Lecture which was given by 15th Finance Commission chairman N K Singh.
Next Story
ADVERTISEMENT
