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A report by the Reserve Bank of India (RBI) on the Finances of Panchayati Raj Institutions on January 24 said panchayats should cut the dependence on grants and raise resources by deploying the tax and non-tax instruments available to them.
This will help the Panchayats to improve the quality of their services in rural areas and strengthen the rural economy, the report added.
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From 2020-21 to 2022-23, the revenues of Panchayats are through grants from higher…
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