Finances of Panchayati Raj Institutions
Today, the Reserve Bank of India (RBI) released its Report titled “Finances of Panchayati Raj Institutions”. Drawing upon data on 2.58 lakh Panchayats for the years 2020-21 to 2022-23, it presents an assessment of their finances and their role in India’s socio-economic development. Highlights: Panchayats’ own sources of revenue are limited, mainly property taxes, fees