banking service chronicle Published this articles page no 128 For rural local bodies the FC-XV allocations cover all the three panchayati tiers—village block and district—as well as the Excluded Areas exempted from the purview of Part LX and Part IX-A of the Constitution.
Absence of timely recommendations of State Finance
Commissions and suitable actions thereon
2. Lack of
readily accessible and timely accounts and
3. Inadequate
mobilisation of property tax revenues.
Finance Commissions in the past have drawn attention to
these issues but with limited success. The FC-XV has put them as entry-level
conditions for availing the grants. banking service chronicle
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