Local bodies need more financial autonomy: RBI

A strong fiscal position of local bodies could help them tackle future crisis successfully and also manage higher vaccinations, RBI said in its latest report titled "State Finances: A study of Budgets". " As MCs with higher per capita receipts could achieve a higher vaccination rate, strengthening local government finances is key to augment India’s capacity to tackle future health crises successfully" RBI said in its report.

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