NEW DELHI: Multiple audits by the Comptroller and Auditor General have revealed that urban local bodies (ULBs) across states are struggling with weak financial management, generating only 32% of their revenue from internal sources. This heavy reliance on Union and state govt funding has left ULBs in a state of persistent... read full story
"A higher share of municipal own revenue can make a significant impact on the financial sustainability of ULSGs (read ULBs),"