RBI Reports on Finance of Panchayati Raj Institutions: Understanding the Role in Indian Constitution

1. Overview:

• The Reserve Bank of India (RBI) recently released a comprehensive report on the financial aspects of Panchayati Raj Institutions (PRIs).
• The report aims to shed light on the financial health, challenges, and potential improvements of PRIs, which play a crucial role in the grassroots governance structure of India.

1. Financial Landscape:

• The report delves into the financial mechanisms supporting PRIs, analyzing revenue sources, fund utilization, and expenditure patterns.
• It provides insights into the fiscal decentralization process and the effectiveness of financial devolution from higher tiers of government to the local level.

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