000			04620nam a2200157Ia 4500
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082			_aP TH-1976 _bSOL
100			_aSolanki, Harpal Mahendrasinh
245		0	_aBorrowing mechanism of ULB in Rajasthan : a case study of Jaipur (Also Available on CD)
260			_c2016
300			_axviii,105p.,CD-ROM
505			_aCONTENTS Executive Summary iv Tables xvii Figure xviii 1 Introduction 1 1.1 Background 2 1.2 Need of Debt Finance 4 1.3 Rational for Study 5 1.4 Aim and Objectives 10 1.4.1 Aim 10 1.4.2 Objectives 10 1.4.3 Research Question 10 1.4.4 Scope and Limitations 10 1.4.5 Research Methodology 11 Summary 11 2 Literature Review 12 2.1 Finance of Urban Local Bodies 13 2.1.1 Revenue Basis for ULBs 14 2.1.2 Expenditure Domain of ULBs 15 2.2 Five Years Plan and Local Bodies 15 2.2.1 Finance Commission and Local Bodies 17 2.3 Policy/Schematic Reforms for Borrowing 18 2.3.1 74th Constitutional Amendment Act 18 2.3.2 Indo-US Financial Institutions Reform and Expansion Project - Debt Market Component; FIRE (D) 19 2.3.3 Rakesh Mohan Committee, 1996 19 2.4 Different Methods of Borrowing 20 2.4.1 Municipal Bonds: The Newest Financing Option 20 2.4.2 Term Loans from Commercial Banks 21 2.4.3 Term Loans from HUDCO 22 2.4.4 Lease Financing 23 2.4.5 Internal Borrowing from Other Funds of a Municipal Body 23 2.4.6 Pooled Finance Structure: TNUDF Model 23 2.5 Models for Regulation of Municipal Borrowing 25 2.6 Advantages and Disadvantages of Borrowing 28 2.7 Case Study of Ahmedabad 29 Summary 30 3 Regulations and Issues on Borrowing in India 31 3.1 Government of India regulation 32 3.1.1 The Local Authority Loan Act, 1914 33 3.1.2 Reserve Bank of India Regulation Impacting Municipal Borrowing 34 3.1.3 Central Vigilance Commission Guidelines 38 3.2 State Government Regulations 39 3.2.1 Purpose of the Loan 39 3.2.2 Nature of Loan 40 3.2.3 Limitation on the Borrowing Power 40 3.2.4 Procedure for Taking a Loan 41 3.2.5 Nature of Security Provided for a Loan 42 3.2.6 Sources of Revenue for a Municipality 42 3.2.7 Powers of State Government to Intervene in Functioning of Municipalities 43 3.3 General Issues in Borrowing 44 Summary 46 4 Study Area Selection 47 4.1 Rational 48 4.2 Profile of Rajasthan State and Its Municipal Corporation 50 4.2.1 Urbanization in Rajasthan 51 4.2.2 Financial Situation of Rajasthan State 52 4.2.3 Financial Situation of Municipal Corporations in Rajasthan 53 4.2.4 Conclusion 59 4.3 Legal Framework for Borrowing in Rajasthan 60 4.3.1 State Government Regulation 61 4.4 Profile of Jaipur 63 4.4.1 Introduction 63 4.4.2 Demographics 65 4.4.3 Geographical Location 66 4.4.4 Regional Linkages 67 4.4.5 Economical Profile of Jaipur 67 4.4.6 Constitutional Jurisdiction and Jaipur Region 69 4.4.7 Administrative Structure 70 4.4.8 Municipal Profile 70 Summary 71 5 Budget Analysis and Borrowing Mechanism 72 5.1 Financial Analysis of Jaipur Municipal Corporation 74 5.1.1 Income Vs Expenditure 74 5.2 Need of Borrowing for JMC 77 5.2.1 Investment Requirement in Urban Infrastructure Sector 78 5.2.2 Fund Required for Centrally Sponsored Schemes 79 5.3 Borrowing Framework for JMC 80 5.3.1 Policy and Rules for Borrowing 80 5.3.2 Borrowing Procedure of JMC 80 5.3.3 Limitations and Regulations on Borrowing 82 5.4 Fiscal Health Analysis of JMC 83 5.4.1 Ratio Analysis 83 5.4.2 Revenue Income Vs Revenue Expenditure 84 5.5 Major Lending Agency 85 5.5.1 Rajasthan Urban Infrastructure Finance & Development Corporation Ltd. (RUIFDCO) .. 85 5.5.2 Past Borrowing done by JMC 86 5.6 General Issues in Borrowing for JMC 87 5.6.1 Legal Framework 87 5.6.2 Availability of Grants 90 5.6.3 Local Revenue Structure 90 5.6.4 Fractured Institutional Environment 91 5.6.5 Low Service Delivery 92 5.6.6 Lender Constraints 92 5.6.7 Low Willingness to Borrow 92 5.6.8 Current Rules and Regulations 93 5.7 Recommendations 93 5.7.1 Reduce State Regulation on Borrowing 93 5.7.2 Improve Revenue Income through Collection Efficiency 93 5.7.3 Revise the Property Tax Norms 94 5.7.4 Improve Revenue Income by Implementing New Taxes/Charges 95 5.7.5 Review Land Sharing Mechanism between JMC and JDA 96 5.7.6 Borrow on bankable projects 96 5.8 Improved Borrowing Capacity 96 5.8.1 Possible Impact of Financial Changes 96 Summary 100 6 Conclusion 101 References 104
700			_aVyas, Anjana (Guide)
891			_a2014 Batch
891			_aFP-PG
999			_c52067 _d52067