Question 3GS2GS2

[Partial page, insufficient context for complete question text]

Main Body

Urbanization is a desire of economic growth by being a national hub for economic activity and infrastructure development. Fifteenth finance commission recommendation for reform in ULBs: 1) Property accounts should be kept on the basis of accrued system. 2) Revision of property for states in locality 3) Performance - linked grants will be provided 4) Failure to implement reforms can mean non-deduction of funds. Fifteenth Finance Commission recommendation for reform in ULBs: 1) Prestige accounts should be kept on the basis of accrued system. 2) Revision of property for states in locality 3) Performance - linked grants will be provided 4) Failure to implement reforms can mean non-destruction of funds.

PrioritiesEnsuring adequate maintenance of books of accounts Proper estimation of value of assets - better tax collection Property tax - major source of revenue Capacity building of ULBs More accountability & transparency of ULBs Will create performance pressure ChallengesLong process of transition of clients. for cash to accrue Limited capacity with personnel State government take away major share of property tax It can further define them of funds. Need of more: Capacity building Retention of funds integration of technology Share in GST

196 words1 paragraphs

Diagram

Hierarchical structure showing Role in promoting and scrutinizing ULBs with branches for Priorities and Challenges

Open original scan

Page 5

Topper

Nidhi Goyal

AIR 912022

Subject & Paper

GS2GS2

Topic

Federal Structure - Functions, Responsibilities, Devolution of Powers and Finances

Local Self Government

Urbanization and Urban Local Bodies

Writing Stats

196

Total words

Paragraphs

analytical

Tone