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The Reserve Bank of India’s study on the theme - Alternative Sources of Financing for Municipal Corporations’ showed that the municipal corporations (MC) in the country need to explore different innovative bond and land based financing mechanisms to augment their resources. MCs need to adopt sound and transparent accounting practices with proper monitoring and documentation of various receipt and expenditure items. MCs’ committed expenditure in the form of establishment expenses, administrative costs and interest and finance charges is rising, but capital expenditure is minimal. MCs mostly rely on borrowings from banks and financial institutions and loans from Centre and State governments to finance their resource gaps in the absence of a well-developed market for municipal bonds. RBI Headquarters: Mumbai Governor: Shaktikanta Das Deputy Governors: MK Jain, MD Patra, M Rajeshwar Rao and T. Rabi Sankar Municipal Corporations- A city, town, village, or county that has been incorporated by a state and is authorized to administer local, governmental affairs, e.g., to establish a police force. A municipal corporation is created by a state's legislature which also controls, inter alia, its duration, rights, and powers.
Which of the following accounting convention states that‘Trivial transactions can be ignored’?
With respect to self-balancing ledgers, which of the statement is incorrect?
Gratuity shall be payable to an employee on the termination of his employment after he has rendered continuous service for not less than ______, except ...
Which of the following accounts in insurance company reportingtracks the revenue and expenses related to policyholders?
Calculate Economic order quantity from the following data.
Annual consumption = 10,000 units
Carrying cost = 8%
Cost per unit = Rs....
Which of the following is the correct definition of hedge ratio?
Read the following information to answer the below questions:
If ₹10,000 is invested at 10% p.a. compounded annually, what will be the amount after 2 years?
The DuPont Analysis uses the following ratios except:
Read the following information to answer the below questions:
