ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Decentralised Financing, Governance and Public-Private Co-operation

This paper talks about financial autonomy of the local governments, such as panchayats. A mechanism is suggested by which panchayats can come in direct contact with the private taxpayers and other funding agencies. This scheme is important once we seriously take account of a corruptible system of collection and redistribution. The so-called 'decentralisation' process, which makes panchayats dependent on central and state hierarchies, is bound to be inefficient. This calls for decentralisation of financial power.

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