stdClass Object ( [id] => 16905 [paper_index] => 202507-01-022991 [title] => A STUDY OF FINANCES OF MUNICIPAL CORPORATIONS IN INDIA: A REVIEW [description] => [author] => Ghata H. Shah [googlescholar] => [doi] => https://doi.org/10.36713/epra22991 [year] => 2025 [month] => July [volume] => 11 [issue] => 7 [file] => fm/jpanel/upload/2025/July/202507-01-022991.pdf [abstract] => In order to undertake any research a strong background study is always required. Research always stands on a strong footing in the form of comprehensive and extensive research review. A researcher has to always get conversant with the prevailing research domains, methods, instruments used by previous researchers for undertaking similar type of studies. Only then the researcher will be able to diagnose the vacuum in the research conducted till date and what addition to existing knowledge can be made by him/ her. Urban governance in India is fundamentally executed through Municipal Corporations, institutions responsible for provisioning essential civic infrastructure and services. The financial soundness of these entities plays a pivotal role in enabling effective urban development. However, consistent challenges—ranging from weak internal revenue mechanisms to excessive reliance on fiscal transfers and suboptimal budgetary practices—have hindered their operational efficiency. This review synthesizes findings from policy reports, government audits, and academic literature to trace prevailing patterns in municipal finances. The analysis highlights systemic bottlenecks and assesses the impact of recent fiscal reforms, concluding with strategic recommendations aimed at strengthening the fiscal independence and operational resilience of these urban bodies. This paper has attempted to summarise the findings of some literature on finances of municipal corporation already existing in research domain to facilitate research community to take such research ahead in future. [keywords] => Finances, Municipal Corporation, Literature review [doj] => 2025-07-11 [hit] => [status] => [award_status] => P [orderr] => 20 [journal_id] => 1 [googlesearch_link] => [edit_on] => [is_status] => 1 [journalname] => EPRA International Journal of Multidisciplinary Research (IJMR) [short_code] => IJMR [eissn] => 2455-3662 (Online) [pissn] => - -- [home_page_wrapper] => images/products_image/11.IJMR.png ) Error fetching PDF file.