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Shri M.Venkaiah Naidu favours a share of GST revenue for urban local bodies

Dated:- 25-3-2015 - Minister of Urban Development Shri M.Venkaiah Naidu has favoured a share of GST(Goods and Services Tax) revenue for the municipalities across the country to ensure predictable and guaranteed flow of funds to enable them take up urban reconstruction initiatives. He expressed concern over the huge urban fiscal gap while addressing a National Workshop on Governance, Administrative Reforms and Capacity Building here today. The Workshop was organized by the Indian Council for Rese .....

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redictable and guaranteed resource flows to urban local bodies, Shri Naidu said that he will explore the possibility of earmarking a share of revenues from the proposed GST with the Finance Minister Shri Arun Jaitely. PPP model may have not done well but it shall succeed for effective urban interventions, says Shri Naidu Huge urban fiscal gap with annual per capita income of ULBs-Rs.1,430, expenditure-Rs.6,030 Shri Naidu expressed concern over substantial share of revenues of municipal bodies go .....

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