RBI calls for more financial autonomy for the municipalities

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‚Äôs capacity to tackle future health crises successfully” RBI said in its report.