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State Finance Commission (Kerala)
Three State Finance Commission reports, with recommendations for enhancing the financial health of the local governments were submitted and acted upon in Kerala with practically every recommendation being adopted, as per the provisions of the 73rd and 74th Constitutional Amendments made in 1993. Each State Finance Commission in Kerala has been a path-breaker First State Finance Commission report The First State Finance Commission succeeded in integrating seventeen small specific purpose grants into a broader general purpose grants and also in streamlining the determination and transfer of the share of state taxes, making it fully formula-based and non-discretionary. Its recommendations were: (1) Expenditure on elections to Local Governments other than District and Block Panchayats may be met by them. (2) Government may liquidate arrears of share of taxes / grants due to Local Governments in three instalments. (3) Plinth area may be adopted as the basis for Property Tax. (4) Fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Penal Interest
Penalty interest, also called penalty APR (penalty annual percentage rate), default interest, interest for/on late payment, statutory interest for/on late payment, interest on arrears, or penal interest, in money lending and in sales contracts is punitive interest In finance and economics, interest is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum (that is, the amount borrowed), at a particular rate. It is distin ... charged by a lender to a borrower if installments are not paid according to the loan terms. If an installment is not received according to the repayment terms, sometimes if not received by the end of the month, the borrower/buyer is charged penalty interest on the delayed installment/payment. References Interest {{Econ-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Non-tax Revenue
Non-tax revenue or non-tax receipts are government revenue not generated from taxes. For example - bond issues and profits of state-owned companies. Examples * Aid from another level of government (intragovernmental aid): in the United States, federal grants may be considered non-tax revenue for the receiving states, and equalization payments * Aid from abroad (foreign aid) * Tribute or indemnities paid by a weaker state to a stronger one, often as a condition of peace after suffering military defeat. The war reparations paid by the defeated Central Powers after the First World War offer a well-known example. * Loans, or other borrowing, from monetary funds and/or other governments * Revenue from state-owned enterprises (for example, revenue from Public Sector Unions) * Revenue (including interest or profit) from investment funds (collective investment schemes), sovereign wealth funds, Investment or endowments, . * Revenues from sales of state assets * Rents, concessions, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kerala
Kerala ( ; ) is a state on the Malabar Coast of India. It was formed on 1 November 1956, following the passage of the States Reorganisation Act, by combining Malayalam-speaking regions of the erstwhile regions of Cochin, Malabar, South Canara, and Thiruvithamkoor. Spread over , Kerala is the 21st largest Indian state by area. It is bordered by Karnataka to the north and northeast, Tamil Nadu to the east and south, and the Lakshadweep Sea to the west. With 33 million inhabitants as per the 2011 census, Kerala is the 13th-largest Indian state by population. It is divided into 14 districts with the capital being Thiruvananthapuram. Malayalam is the most widely spoken language and is also the official language of the state. The Chera dynasty was the first prominent kingdom based in Kerala. The Ay kingdom in the deep south and the Ezhimala kingdom in the north formed the other kingdoms in the early years of the Common Era (CE). The region had been a prominent spic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Local Government Finance In Kerala
Local may refer to: Geography and transportation * Local (train), a train serving local traffic demand * Local, Missouri, a community in the United States * Local government, a form of public administration, usually the lowest tier of administration * Local news, coverage of events in a local context which would not normally be of interest to those of other localities * Local union, a locally based trade union organization which forms part of a larger union Arts, entertainment, and media * ''Local'' (comics), a limited series comic book by Brian Wood and Ryan Kelly * ''Local'' (novel), a 2001 novel by Jaideep Varma * Local TV LLC, an American television broadcasting company * Locast, a non-profit streaming service offering local, over-the-air television * ''The Local'' (film), a 2008 action-drama film * '' The Local'', English-language news websites in several European countries Computing * .local, a network address component * Local variable, a variable that is given loca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Local Governance In Kerala
Kerala is a state on the southwestern coast of India. Kerala, with appreciative development indicators comparable to developed countries, has been experimenting with decentralization and participatory local democracy, ultimately aimed at realization of the constitutional goal of establishing genuine "institutions of local self government" since the enactment of Kerala Panchayat Raj Act & The Kerala Municipality Act in the year 1994. District Wise Data Kerala has 941 Village Panchayats (Grama panchayats), 152 Block Panchayats and 14 District Panchayats; in the urban areas, it has 87 Municipalities and 6 Corporations, a total of 1200 Local Self Government Institutions. The list of number of local government institutions from the period 1995-2015 is given below: The President of the Panchayat Raj Institutions(PRIs) has been declared as the executive authority. The senior most officials of various departments brought under the control of the Panchayat Raj Institutions have ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Local Government In Kerala
Kerala is a state on the southwestern coast of India. Kerala, with appreciative development indicators comparable to developed countries, has been experimenting with decentralization and participatory local democracy, ultimately aimed at realization of the constitutional goal of establishing genuine "institutions of local self government" since the enactment of Kerala Panchayat Raj Act & The Kerala Municipality Act in the year 1994. District Wise Data Kerala has 941 Village Panchayats (Grama panchayats), 152 Block Panchayats and 14 District Panchayats; in the urban areas, it has 87 Municipalities and 6 Corporations, a total of 1200 Local Self Government Institutions. The list of number of local government institutions from the period 1995-2015 is given below: The President of the Panchayat Raj Institutions(PRIs) has been declared as the executive authority. The senior most officials of various departments brought under the control of the Panchayat Raj Institutions have been ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Agencies Of Kerala
State may refer to: Arts, entertainment, and media Literature * ''State Magazine'', a monthly magazine published by the U.S. Department of State * ''The State'' (newspaper), a daily newspaper in Columbia, South Carolina, United States * ''Our State'', a monthly magazine published in North Carolina and formerly called ''The State'' * The State (Larry Niven), a fictional future government in three novels by Larry Niven Music Groups and labels * States Records, an American record label * The State (band), Australian band previously known as the Cutters Albums * ''State'' (album), a 2013 album by Todd Rundgren * ''States'' (album), a 2013 album by the Paper Kites * ''States'', a 1991 album by Klinik * ''The State'' (album), a 1999 album by Nickelback Television * ''The State'' (American TV series), 1993 * ''The State'' (British TV series), 2017 Other * The State (comedy troupe), an American comedy troupe Law and politics * State (polity), a centralized political organizatio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
