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The Central Finance Commission (CFC) and the State Finance Commissions (SFCs) are two constitutional bodies in India that are responsible for recommending the distribution of financial resources between different levels of government. While the CFC is responsible for recommending the […]

Finance Commission of India: The Finance Commission is a constitutional body, that determines the method and formula for distributing the tax proceeds between the Centre and states, and among the states as per the constitutional arrangement and present requirements. The Finance […]

The State Finance Commission (SFC) is an institution created by the 73rd and 74th Constitutional Amendments (CAs) to rationalize and systematize State/sub-State-level fiscal relations in India.   It allocates resources of a state to its Panchayati Raj institutions at all three levels in terms of […]

A  special purpose vehicle is a legal entity that has been established to separate an asset, subsidiary, or financial transaction from a larger corporation or government agency.  A special purpose vehicle (SPV) is typically created for a limited task to […]

A Special Economic Zone (SEZ) is a geographical region that has laws and regulations that are more liberal or flexible than a country’s domestic economic and investment laws. A Special Economic Zone (SEZ) is a designated geographical area within a […]

Urban financial management, hinges basically on the level of decentralization  of the government machinery of a country. Fiscal decentralization refers to the process of transferring fiscal responsibilities and resources from central government authorities to lower levels of government, such as […]

The concept of financial management generally includes financial resources mobilization, planning and expenditure management. Urban finance management refers to the process of managing financial resources and activities related to urban areas. It involves the planning, budgeting, implementation, and monitoring of […]

A loan is a debt—essentially a promise, often contractual, and a credit rating determines the likelihood that the borrower will be able and willing to pay back a loan within the confines of the loan agreement, without defaulting. A high […]

The role of Development Financial Institutions (DFIs) is to provide long-term financing and other forms of support for developmental projects that contribute to economic growth and social welfare. Some of the key roles of DFIs include: Overall, DFIs play a […]

Development Financial Institutions (DFIs) are specialized financial institutions that provide long-term financing for developmental projects aimed at promoting economic growth and social welfare. The principal functions common to Development Financial Institutions (DFI) include: DFIs are important institutions for promoting economic […]