Daily CA | Current Affairs of ist April for JKSSB, JKPSC, UPSC Exams - Click on Link Below To download
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An important recommendation of the Fifteenth Finance Commission is the entry-level criterion to avail the union local grant (except health grant) by local governments which is performance-linked.
For panchayats, the condition is online submission of annual accounts for the previous year and audited accounts for the year before.
For urban local governments, two more conditions are specified: after 2021-22, fixation of the minimum floor for property tax rates by the relevant State followed by consistent improvement in the collection of property taxes in tandem with the State’s own Gross State Domestic Product.
