RBI for extra purposeful autonomy to civic our bodies

The Reserve Bank of India (RBI) has batted for extra purposeful autonomy to civic our bodies because the Covid pandemic has put extreme pressure on the third tier of the federal government.
“With the third-tier governments in India playing a frontline role in combating the pandemic by implementing containment strategies, healthcare, quarantining and testing facilities, organising vaccination camps and maintaining the supply of essential goods and services, their finances have come under severe strain, forcing them to cut down expenditures and mobilise funding from various sources,” the RBI stated in its report on state governments’ funds.
According to the central financial institution, rising the purposeful autonomy of the civic our bodies, strengthening their governance construction and financially empowering them by way of increased useful resource availability by means of self-resource technology and transfers are crucial for constructing resilience and efficient interventions on the grass-root stage.