What the 16th Finance Commission means for panchayats
The Union Budget 2026-27 strengthened the local self-government in rural India. Accepting the recommendations of the 16th Finance Commission, the Government has provided enhanced grants to Rural Local Bodies, amounting to over ₹4.35 lakh crore for the five-year period 2026-31. The Sixteenth Finance Commission marking a phenomenal 84 percent increase in fiscal allocation for Rural…