Update: Innovative consulting tools from MaGC

Comparative analysis of municipal finance statutes across Indian States

The Assignment
The assignment involved conducting a landscaping of municipal finance statutes across Indian States. It was undertaken for Janaagraha Centre for Citizenship and Democracy, a Bangalore based Non-Profit Organization working actively in the area of municipal finance.

MaGC Approach and Methodology
The methodology involved defining the focus areas for the comparison and developing a comparison framework consisting of a set of parameters and questions for comparison. The municipal finance statutes across all the States of India were analysed and the analysis was presented against the questions in the framework.

The Output
The landscape is currently hosted on the Cityfinance portal of the Ministry of Housing and Urban Affairs, Government of India (https://cityfinance.in/municipal-law ). It serves as an invaluable database for researchers and others seeking information about municipal finance provisions across Indian States. The landscape can also be downloaded as a spreadsheet for further analysis.

SS_Landscaping-of-municipal-finance-statutes-across-Indian-States

More Recent Works

Preparation of a database of budgets of Municipal Corporations in India
Preparation of a database by digitizing Municipal Budgets for three financial years of forty-six large and medium Urban Local Bodies across India.
ERP implementation services for a leading manufacturer
ERP (SAP Business One) Implementation support for a leading Indian manufacturer and supplier of Polypropylene woven and non-woven bags.
Implementation of Ind-AS in SIPCOT
The assignment involved implementation of Ind-AS (equivalent of IFRS in India) in the State Industries Promotion Corporation of Tamil Nadu (SIPCOT), a company owned by the Government of Tamil Nadu, India.
Credit Control Mechanism for a large manufacturer
Designing a Credit Control Mechanism for managing accounts receivables for a large Indian manufacturer.
Restructuring the Local Loans Development Fund
Recommendations for restructuring the Local Loans Development Fund (LLDF), Sri Lanka
Preparation of Risk-based Internal Audit Manual in Bhutan
MaGC was appointed to prepare a Risk-Based Internal Audit Manual (RBIAM) for a Telecom Company in Bhutan.
Transition to accrual accounting and financial reporting system for an NPO in Bangalore
MaGC was appointed by a Bangalore based not-for-profit to assist in transition from cash basis accounting to accrual, with focus on design and implementation of a comprehensive financial reporting system.
Process Taxonomy for the Education Sector
ShikshaLokam is an initiative of Advaith Foundation, working towards developing education leadership on the Societal Platform.

Latest Social Media Post

  • The January 2022 edition of @institute The Institute of Chartered Accountants of India's e-journal 'The Chartered Accountant' featured an article on Public Finance Management written by our consultants CA. Praveena Raja and CA.
    2022
More Posts