What do you understand by fiscal decentralization? Discuss the exigencies and dimensions of fiscal decentralization.
Introduction Fiscal decentralization is a key element of governance reforms aimed at strengthening local self-governments. It refers to the process of transferring financial powers, responsibilities, and resources from the central or state governments to local levels such as Panchayats and Municipalities. This enables local bodies to plan, implement, and manage development programs more effectively. In […]
