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Now the provinces and local levels will get supplementary and special subsidies based on their level of revenue capacity, prosperity and physical infrastructure. To make equality and financial federalism more effective, supplementary grants and special grants have been arranged based on the level of revenue capacity, prosperity and physical infrastructure, said Shivraj Adhikari, vice chairman of the National Planning Commission.
The government has introduced 'Procedures on Supplementary Grants 2081'. The government has reduced the maximum limit of supplementary subsidy in the new procedure which was brought after canceling the old procedure. According to which, previously the total cost of the project/program to be implemented by the rural municipality/municipality for the supplementary grant was from 10 million to 10 million rupees . Now this limit has been fixed from 1 crore to 7 crore .
'The total cost of the project program to be implemented by the sub-metropolitan city and the metropolis has been reduced from 50 million to 250 million and it has been established that it can be proposed for projects of 30 million to 150 million,' it is mentioned in the procedure, 'In the case of the provincial government, project proposals costing from 200 million to 1 billion rupees have previously been proposed. It can be done, now only supplementary grants can be offered for projects between 100 million and 30 billion rupees.' said done . The official said, 'When revising the procedure for supplementary grants, special attention has been paid to ensure equitable allocation among local levels and the autonomy of local levels.' . To make equality and financial federalism more effective, the equality system has been implemented in the distribution of resources through supplementary grants and special grants, said the vice president of the National Planning Commission.
'According to the new system, municipalities and provinces are ranked based on their level of revenue capacity, prosperity and physical infrastructure . This ranking is considered as the basis when distributing resources,'' he said, 'because of which relatively poor municipalities receive more supplementary subsidies from the central government. From the point of view of financial federalism, the level of independence of local governments based on resource mobilization is presented through this index.
He claims that this system will give priority to human development, job creation and productivity growth. Not only in physical development, this system will help strengthen financial federalism across the country by ensuring equitable access to resources, said the vice-president.
When constructing all 753 local level indices, it appears to be close to zero to 29 . According to the National Planning Commission, this potential internal revenue mobilization index highlights the disparity between local governments in the ability and potential to mobilize internal resources.
"Local government internal revenue potential index" of each local level was prepared and sorted from small to large index. According to the commission, seven changed points were discovered by statistical method after sorting in this way. On the basis of those changed points, the local levels are divided into seven parts.
