Oommen, M. A. <br/><br/>
A reserve bank of India study on gram panchayat finances: Much needed, but disappointing 

 - Economic & Political Weekly  
 - 59(36), 7 Sep, 2024: p.12-14 
<br/><br/> That India’s fiscal federalism suffers from a lack of critical analysis of local finance based on relevant and reliable data is widely acknowledged. The last five union finance commissions and several state finance commissions since 1995 have suffered grievously on this score. The study of “Finances of Panchayati Raj Institutions” published early this year by the Reserve Bank of India is therefore timely and welcome. This article is a critical review of this study in order to improve the financial reporting system of India’s  federal finance.- Reproduced <br/><br/>https://www.epw.in/journal/2024/36/commentary/reserve-bank-india-study-gram-panchayat-finances.html<br/>