T. Ramakrishnan

CHENNAl: The State government has constituted the Fourth State Finance Commission (SFC) under the chairmanship of K. Phanindra Reddy to study the finances of local bodies, rural and urban.

The Commission will review the financial health of the local bodies – 12,620 village panchayats, 385 panchayat unions, 29 district panchayats, 561 town panchayats, 148 municipalities and 10 municipal corporations.

Measures

It will, among others, recommend measures to improve the financial position of the local bodies and suggest possible new avenues for tapping resources, keeping in mind the local body tax structure in other States.

While carrying out the review, the Commission will assess the position of the local bodies as on March 31, 2010.

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