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Abstract

Local governments have different sources of income; some of them are tax and non-tax revenues. Own source revenue comprises tax and non-tax income. But owing to rapid pace of urbanization and the need for urban infrastructure development, own source revenue generated by the municipalities often fall short to meet the requisite demand. As a result local bodies depend on state and central government grants and other borrowings from financial institutions. This study aims to identify the different source of own revenue mainly the interest income earned by the municipalities.

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